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The A and B partnership agreement stipulates that profits and losses will be shared equally...

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Accounting

The A and B partnership agreement stipulates that profits and losses will be shared equally after salary allowances of $80700 for A and $39200 for B. At the beginning*of the year, A's capital account had a balance of $79000, while B's capital account had a balance of $69300. Profit for the year was $104000. The balance of B's capital account at the end of the year after closing is $119900. $39200. $100550. $72750.

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