What the amount of Jon Winek capital balance

Assignment Help Accounting Basics
Reference no: EM132910958

Question - Jon Winek started the year with a capital balance of $135700. During the year, his share of partnership net income was $120400 and he withdrew $21900 from the partnership for personal use. He made an additional capital contribution of $37600 during the year. What the amount of Jon Winek's capital balance that will be reported on the year-end balance sheet?

Reference no: EM132910958

Questions Cloud

Edward Snowden is hero or criminal : Discuss in your opinion whether Edward Snowden is a hero or a criminal.
What the Coronado gross profit for August : The company also had rent revenue of $900 and a loss on the sale of a delivery truck of $2400. What the Coronado's gross profit for August, 2020
Strong educational programs : At UC, it is a priority that students are provided with strong educational programs and courses that allow them to be servant-leaders in their disciplines
Supreme court determine whether material is obscene : What kind of speech was the First Amendment written to protect? How does the Supreme Court determine whether material is obscene?
What the amount of Jon Winek capital balance : Jon Winek started the year with a capital balance of $135700. What the amount of Jon Winek's capital balance that will be reported on the year-end balance sheet
What durability means for the services and products : What durability means for the services and products provided by banking branch?
Dissertation-database administrator : How can a "Dissertation "course in PhD help a Database administrator ?
Make a direct materials purchases budget : Make a direct materials purchases budget for synthetic rubber compound, by month and in total, for the third quarter
Improving enterprise architecture : You have been tasked by the company to create a plan aimed at improving the Enterprise Architecture (EA) from a security standpoint.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd