Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $147,000 and Bowen's
Posted: Tue Jul 05, 2022 11:48 am
Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $147,000 and Bowen's is $130,000. Mace and Bowen agree to accept Kent with a 30% interest in the partnership Kent invests $127,000 in the partnership. The amount credited to Kent's capital account is: