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Income summary has a credit balance of 40000 what is pias

Question - Pia and Ramona are partners who share income in the ratio of 3:2. Their capital balances are $80,000 and $120,000 respectively. Income Summary has a credit balance of $40,000. What is Pias capital balance after closing Income Summary to Capital?

a. $60,000

b. $104,000

c. $56,000

d. $64,000

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Accounting Basics: Income summary has a credit balance of 40000 what is pias

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