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Jon Winek started the year with a capital balance of $135,000. During the year, his...

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Accounting

Jon Winek started the year with a capital balance of $135,000. During the year, his share of partnership net income was $120,000 and he withdrew $22,500 from the partnership for personal use. He made an additional capital contribution of $37,500 during the year. The amount of Jon Wineks capital balance that will be reported on the year-end balance sheet will be (Points : 1) $120,000 $292,500 $225,000 $270,000

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