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33. Partner Abe first contributed P50,000 of capital into existing partnership on March 1, 2021. On June 1, 2021, said partner contributed another P20,000. On September 1, 2021, he withdrew P15,000 from the partnership. Withdrawal in excess of P10,000 are charged to the partner's capital accounts. What is the annual weighted average capital balance of Partner Abe? * a. 32,500 O b. 51,667 c. 60,000 d 48333

33. Partner Abe first contributed P50,000 of capital into existing partnership on March 1, 2021. On June 1, 2021, said partner contributed another P20,000. On September 1, 2021, he withdrew P15,000 from the partnership. Withdrawal in excess of P10,000 are charged to the partner's capital accounts. What is the annual weighted average capital balance of Partner Abe? * a. 32,500 O b. 51,667 c. 60,000 d 48333

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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33. Partner Abe first contributed P50,000 of capital into existing partnership on March 1, 2021. On June 1, 2021, said partner contributed another P20,000. On September 1, 2021, he withdrew P15,000 from the partnership. Withdrawal in excess of P10,000 are charged to the partner's capital accounts. What is the annual weighted average capital balance of Partner Abe?* a. 32,500 b. 51,667 c. 60,000 d. 48,333
Transcribed Image Text:33. Partner Abe first contributed P50,000 of capital into existing partnership on March 1, 2021. On June 1, 2021, said partner contributed another P20,000. On September 1, 2021, he withdrew P15,000 from the partnership. Withdrawal in excess of P10,000 are charged to the partner's capital accounts. What is the annual weighted average capital balance of Partner Abe?* a. 32,500 b. 51,667 c. 60,000 d. 48,333
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