In: Accounting
Purkerson | $ | 82,000 |
Smith | 62,000 | |
Traynor | 30,000 | |
|
Due to a cash shortage, Purkerson invests an additional $6,000 in the business on April 1, 2018.
Each partner is allowed to withdraw $700 cash each month.
The partners have used the same method of allocating profits and losses since the business's inception:
What are the ending capital balances for 2018?