Jordon and heidi share income equally. for the current year, the partnership net income is $40,000. jordon made withdrawals of $14,000, and heidi made withdrawals of $15,000. at the beginning of the year, the capital account balances were: jordon, capital, $40,000; heidi, capital, $58,000. jordon's capital account balance at the end of the year is

Given:
Jordon and Heidi share income equally.
partnership net income is $40,000
Jordon made withdrawals of $14,000
Heidi made withdrawals of $15,000
beginning of the year, the capital account balances were: jordon, $40,000; heidi, $58,000
 
                                                Jordon                       Heidi
Beginning Balance                 40,000                     58,000
Add: Net Income 50:50           20,000                     20,000
less: Withdrawals                   (14,000)                  (15,000)
Ending Balance                      46,000                     63,000

 Jordon's capital account balance at the end of the year is $46,000.00

Profit and loss is distributed equally between the partners. However, if the problem does not state how the profit or losses will be distributed, it will be distributed according to the proportion of their capital balances.