Question 62 of 82 -/1 View Policies Current Attempt In Progress John, Garret and Josh...
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Accounting
Question 62 of 82 -/1 View Policies Current Attempt In Progress John, Garret and Josh have partnership capital account balances of $ 224500, $ 449600 and $ 104900, respectively. The income sharing ratio is John, 50%: Garret, 40%; and Josh 10% John desires to withdraw from the partnership and it is agreed that partnership assets of $ 194300 will be used to pay John for her partnershipinterest. The balances of Garret's and Josh's Capital accounts after John's withdrawal would be Garret, $ 473760; Josh, $ 110940 Garret. $ 425440; Josh, $ 98860. Garret, 5449600: Josh S 104900 Garret. 5434500, Josh $ 89800
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