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Business, 06.05.2020 05:38 kimlyn58p0wyn0

Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $83,500 and $16,200, respectively. The partnership generated net income of $45,400. What is Tomas's capital balance after closing the revenue and expense accounts to the capital accounts? a.$122,190 b.$113,260 c.$133,024 d.$117,550

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Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $83,5...
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