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What the amount of interest that credited to b capital

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Question - A and B agrees that 10% interest per annum is to be credited to each of them as partners on the basis of average capital balances. A summary of B's capital account for the year December 31, 2020 follows:

Balance, January 1 P280,000

Additional investment, July 1 80,000

Withdrawal, August 1 (30,000)

Required - What the amount of interest that should be credited to B's capital?

Reference no: EM133189385

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