Answer:
$85,500 will be credited in the Frank's capital account.
Explanation:
Chase's current capital balance = $75,000
Hutch's current capital balance = $120,000
Frank invests = $90,000
Frank's Interest in Partnership = 30%
Total Capital Investment in business = $75,000 + $120,000 + $90,000
Total Capital Investment in business = $285,000
Frank's Share = 285,000 x 30% = $85,500
$85,500 will be credited in the Frank's capital account.
