During the Current Year,Julia,Vanessa,and Connie,who Are Partners in the MacIntosh

Multiple Choice

During the current year,Julia,Vanessa,and Connie,who are partners in the MacIntosh Company,had average capital balances of $62,000,$56,000,and $74,000,respectively.The partners share profits and losses by allowing a $15,000 salary to Julia and a $19,000 salary to Vanessa,and a 12% return on average capital balances to all the partners.Any remaining income or loss is divided equally.If the company had a loss of $2,960,Julia's capital account would:

A) decrease by $987
B) increase by $2,440
C) increase by $14,013
D) decrease by $20,000