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Partners Brian,Josh,and Chad Have Capital Balances of $7,000,$3,000,and $90,000,respectively

Question 53

Multiple Choice

Partners Brian,Josh,and Chad have capital balances of $7,000,$3,000,and $90,000,respectively.The losses for the year are $12,000.What will Josh's capital balance be if the three partners share profits and losses at a 2:2:6 ratio?


A) $600 credit balance
B) $1,000 debit balance
C) $2,400 debit balance
D) $4,000 debit balance

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