Business, 24.06.2021 18:50 robert7248

Rex and Kelsey are partners who share income in the ratio of 3:2. Their capital balances are $95,000 and $140,000, respectively. Income Summary has a credit balance of $40,000 after the second closing entry. What is Rex's capital balance after closing Income Summary to the capital accounts? a.$71,000 b.$119,000 c.$146,000 d.$111,000

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Rex and Kelsey are partners who share income in the ratio of 3:2. Their capital balances are $95,000...

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