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What is the balance of WITH-THE capital account

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Reference no: EM133022817

Question - A partnership has the following capital balances:

BOOTS WITH-THEFUR

60,000

30,000

90,000

Profits and losses are split as follows: BOOTS, 20%, WITH-THE 30% and FUR, 50%. Fur wants to leave the partnership and is paid P100,000 from the business based on provisions in the articles of partnership.

If the partnership uses the bonus method, what is the balance of WITH-THE's capital account after FUR withdraws?

Reference no: EM133022817

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