Partner A first contributed P50,000 of capital into an existing partnership on March 1, 2021. On June 1, 2021, the partner contributed another P20,000. On September 1, 2021, the partner withdrew P5,000 from the partnership. What is the weighted average capital balance using 10 months as the denominator (March - December)?
Partner A first contributed P50,000 of capital into an existing partnership on March 1, 2021. On June 1, 2021, the partner contributed another P20,000. On September 1, 2021, the partner withdrew P5,000 from the partnership. What is the weighted average capital balance using 10 months as the denominator (March - December)?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Partner A first contributed P50,000 of capital into an existing partnership on March 1,
2021. On June 1, 2021, the partner contributed another P20,000. On September 1,
2021, the partner withdrew P5,000 from the partnership.
What is the weighted average capital balance using 10 months as the denominator
(March - December)?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f450c18-c167-476d-99dc-f24557a8a285%2F1c0e7b25-798f-429e-9cef-bd9011d2e812%2Fww2sxv5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Partner A first contributed P50,000 of capital into an existing partnership on March 1,
2021. On June 1, 2021, the partner contributed another P20,000. On September 1,
2021, the partner withdrew P5,000 from the partnership.
What is the weighted average capital balance using 10 months as the denominator
(March - December)?
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