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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9ff6323c-cf7e-493a-b269-a8fbd92b416a%2F8ab01dc4-fbe6-41b3-aab7-7a21416c5fb8%2Fqq461u_processed.jpeg&w=3840&q=75)
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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education