Business, 17.06.2020 05:57, KendallTishie724

Prepare partners' capital statement and partial balance sheet. (LO 2) For National Co., beginning capital balances on January 1, 2020, are Nancy Payne $20,000 and Ann Dody $18,000. During the year, drawings were Payne $8,000 and Dody $5,000. Net income was $40,000, and the partners share income equally.

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Prepare partners' capital statement and partial balance sheet. (LO 2) For National Co., beginning ca...