Business, 04.04.2020 14:37 1846252

Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $80,000 and $120,000, respectively. Income Summary has a credit balance of $30,000. What is Tomas's capital balance after closing Income Summary to the capital accounts?

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Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $80,0...

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