The capital balance for messalina is 210000 and for, Ask an Expert

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The capital balance for Messalina is $ 210,000 and for Romulus is $ 140,000. These two partners share profits and losses 60 percent (Messalina) and 40 percent (Romulus). Claudius invests $ 100,000 in cash in the partnership for a 20 percent ownership. The bonus method will be used. What are the capital balances for Messalina, Romulus, and Claudius after this investment is recorded?

$ 216,000, $ 144,000, $ 90,000.
$ 218,000, $ 142,000, $ 88,000.

$ 222,000, $ 148,000, $ 80,000.
$ 240,000, $ 160,000, $ 100,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
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