The correct answer is C) $ 37833
Calculation
John balance as on December 31, 2020
= intial contribution + profit for December 31, 2019 - loss for December 31, 2020
= $ 39000 + ( 46000/3) - ( 55000/10×3)
= 39000 + 15333 - 16500
= $ 37833
Thus the correct answer is C) $ 37833
David, Chris and John formed a partnership on July 31, 2019. They decided to share profits...
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