On January 1, A, B and C has beginning balances of P30,000, P20,000 and P40,000, respectively. A withdrew half of his investment on March 31, B added 10% to his balance On April 15, and C withdrew 25% of his capital balance on October 1. On its December 31 income statement, it recorded a profit of P72,000. How much should be A, B and C's weighted average capital balances? O a. A 18,750; B 21,417; C 37,500 O b. A 20,000; B 21,250; C 37,500 O C. A 30,000; B 20,000; C 40,000 o d. A 15,000; B 22,000; C 30,000

On January 1, A, B and C has beginning balances of P30,000, P20,000 and P40,000, respectively. A withdrew half of his investment on March 31, B added 10% to his balance On April 15, and C withdrew 25% of his capital balance on October 1. On its December 31 income statement, it recorded a profit of P72,000. How much should be A, B and C's weighted average capital balances? O a. A 18,750; B 21,417; C 37,500 O b. A 20,000; B 21,250; C 37,500 O C. A 30,000; B 20,000; C 40,000 o d. A 15,000; B 22,000; C 30,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 20EB: Trumpet and Trombone Manufacturing, Inc. began the year with a retained earnings balance of...

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