Jon Harris started the year with a capital balance of $134100. During the year, his share of partnership net income was $121000 and he withdrew $23500 from the partnership for personal use. He made an additional capital contribution of $36900 during the year. The amount of Jon Harris's capital balance that will be reported on the year-end balance sheet will be O $121000. $231600. $268500. $292000.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Jon Harris started the year with a capital balance of $134100. During the year, his share of partnership net income was $121000 and
he withdrew $23500 from the partnership for personal use. He made an additional capital contribution of $36900 during the year. The
amount of Jon Harris's capital balance that will be reported on the year-end balance sheet will be
O $121000.
O $231600.
O $268500.
O $292000.
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Transcribed Image Text:rol 1 1 591 FI Current Attempt in Progress Jon Harris started the year with a capital balance of $134100. During the year, his share of partnership net income was $121000 and he withdrew $23500 from the partnership for personal use. He made an additional capital contribution of $36900 during the year. The amount of Jon Harris's capital balance that will be reported on the year-end balance sheet will be O $121000. O $231600. O $268500. O $292000. Save for Later Attempts: 0 of 1 used Submit Answer FIC 3900 D A 1 option 2 N W S #3 20 Fa X command E D $ 69 + 4 888 FA R C % 5 F 20 FD T V MacBook Air *** 6 G Y B & 7 40 H U 00*1 8 N bil TARKKING J 1 9 K M ) O c O MOSISO V L 26 P command S
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