Peters and Chong are partners and share equally in income or loss.Peters' current capital balance is $140,000 and Chong's is $130,000.Peters and Chong agree to accept Aaron with a 30% interest in the partnership.Aaron invests $98,000 in the partnership.The balances in Peters's and Chong's capital accounts after admission of the new partner equal:
A)Peters $140,000;Chong $130,000.
B)Peters $146,200;Chong $136,200.
C)Peters $145,000;Chong $135,000.
D)Peters $133,800;Chong $123,800.
E)Peters $166,027;Chong $156,027.

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The Answer of Peters and Chong are partners and share equally in income or loss.Peters' current capital balance is $140,000 and Chong's is $130,000.Peters and Chong agree to accept Aaron with a 30% interest in the partnership.Aaron invests $98,000 in the partnership.The balances in Peters's and Chong's capital accounts after admission of the new partner equal:
A)Peters $140,000;Chong $130,000.
B)Peters $146,200;Chong $136,200.
C)Peters $145,000;Chong $135,000.
D)Peters $133,800;Chong $123,800.
E)Peters $166,027;Chong $156,027.

Peters and Chong Are Partners and Share Equally in Income