Patty and paul are partners who share income in the ratio of 3: 2. their capital balances are $90,000 and $130,000, respectively, on january 1. income summary has a credit balance of $40,000 at the end of the year. what is paul’s capital balance after closing income summary to the capital accounts? group of answer choices

Paul account: 138,000

Explanation:

the income will be split in a 3:2 ratio between the partners

3 + 2 = 5 parts in total

from which Patty has 3 and Paul 2

Paul participation on the distribution:

40,000 income summary x  2/5 Paul's participation ratio = 8,000

Paul's capital account after distribution: 130,000 + 8,000 = 138,000

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

answer; i believe the answer is 40,600,000;