Jack and Rose own a travel agency. Initially, Jack invested ?150,000 and Rose ?200,000. Throughout...
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Accounting
- Jack and Rose own a travel agency. Initially, Jack invested ?150,000 and Rose ?200,000. Throughout the year, they made additional investments of ?10,000 and ?20,000, respectively. The agency recorded a net profit of ?45,000, which is to be shared according to their initial investments. Determine the ending capital balances for both Jack and Rose.
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