Barber and Atkins are partners in an accounting firm and share net income and loss equally.Barber's beginning partnership capital balance for the current year is $285,000,and Atkins' beginning partnership capital balance for the current year is $370,000.The partnership had net income of $250,000 for the year.Barber withdrew $90,000 during the year and Atkins withdrew $100,000.What is Barber's ending equity?
A)$357,500
B)$362,500
C)$445,000
D)$320,000
E)$195,000

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The Answer of Barber and Atkins are partners in an accounting firm and share net income and loss equally.Barber's beginning partnership capital balance for the current year is $285,000,and Atkins' beginning partnership capital balance for the current year is $370,000.The partnership had net income of $250,000 for the year.Barber withdrew $90,000 during the year and Atkins withdrew $100,000.What is Barber's ending equity?
A)$357,500
B)$362,500
C)$445,000
D)$320,000
E)$195,000

Barber and Atkins Are Partners in an Accounting Firm and Share