Question - A partnership began its first year with the following capital balances:
Adrian, capital .........26,000
Brian, capital.......52,000
Charles, capital........117,000
David, capital.........156,000
Edgar contributes $49,000 into the partnership for a 25% interest. The four original partners share profits and losses equally. Using the bonus method, the capital balance for Adrian after Edgar joins the partnership is
13,250
39,250
12,750
26,000
51,000