The capital accounts of Heidi and Moss have balances of $90,000 and $65,000,respectively,on January 1,the beginning of the current fiscal year.On April 10,Heidi invested an additional $8,000.During the year,Heidi and Moss withdrew $40,000 and $32,000,respectively.Revenues were $540,000 and expenses were $420,000 for the year.The articles of partnership make no reference to the division of net income.Required

Question

The capital accounts of Heidi and Moss have balances of $90,000 and $65,000,respectively,on January 1,the beginning of the current fiscal year.On April 10,Heidi invested an additional $8,000.During the year,Heidi and Moss withdrew $40,000 and $32,000,respectively.Revenues were $540,000 and expenses were $420,000 for the year.The articles of partnership make no reference to the division of net income.Required​

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The Answer of The capital accounts of Heidi and Moss have balances of $90,000 and $65,000,respectively,on January 1,the beginning of the current fiscal year.On April 10,Heidi invested an additional $8,000.During the year,Heidi and Moss withdrew $40,000 and $32,000,respectively.Revenues were $540,000 and expenses were $420,000 for the year.The articles of partnership make no reference to the division of net income.Required​

The Capital Accounts of Heidi and Moss Have Balances of $90,000