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