thership of capital into an existing par on March 1, 2021. On June 1, 2021, the partner contributed another P20,000 On September 1, 2021, the partner withdrew P15,000 from the partnership. Withdrawals in excess of P10,000 are charged to the partner's
thership of capital into an existing par on March 1, 2021. On June 1, 2021, the partner contributed another P20,000 On September 1, 2021, the partner withdrew P15,000 from the partnership. Withdrawals in excess of P10,000 are charged to the partner's
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:6. 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 P15,000 from the
partnership. Withdrawals in excess of
P10,000 are charged to the partner's
capital account. The annual weighted-
average capital balance is *
О а. Р62,000
О Б.
b. P51,667
О С. Р60,000
О d. Р48,333
O O
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