Michael, Margaret, and Jordan are partners who share profits 40%,20%, and 40%. Their capital balances...
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Accounting
Michael, Margaret, and Jordan are partners who share profits and Their capital balances were $$ and $ respectively, before Jordan's retirement. Jordan was paid $ from partnership assets to buy his interest.
Compute the capital balances of Michael and Margaret after Jordan has withdrawn.
Michael's capital balance
$
Margaret's capital balance
$M
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