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What is the capital balance of Noni after the withdrawal

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Problem - Noni, Ogie and Emma are partners sharing profits in the ratio of 3:2:1, respectively. Capital accounts are Noni P300,000, Ogie-P500,000 and Emma-P200,000 on December 31, 2020, when Emma decides to withdraw. The partners agreed to pay Emma's interest for P 250,000 out of the partnership assets. Profits after the withdrawal of Emma are to be divided equally. Using the bonus method, what is the capital balance of Noni after the withdrawal of Emma?

Reference no: EM132858663

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