Prepare a schedule showing calculations for the partners' 2024 ending capital balances. Note: Amounts to be...

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Prepare a schedule showing calculations for the partners' 2024 ending capital balances. Note: Amounts to be deducted should be indicated with minus sign. Beginning balances Additional contribution ALFORD, BEESON, and CARLTON Statement of Partners' Capital For the Year Ending December 31, 2024 Alford Beeson Carlton Totals $ 60,000 $ 40,000 $ 20,000 $ 120,000 8,000 8,000 Net income 8,600 21,000 (6,000) 23,600 Drawings (12,000) (12,000) (12,000) (36,000) Ending capital balances $ 64,600 $ 49,000 $ 2,000 $ 115,600 Prepare a schedule showing calculations for the partners' 2024 ending capital balances. Note: Amounts to be deducted should be indicated with minus sign. Beginning balances Additional contribution ALFORD, BEESON, and CARLTON Statement of Partners' Capital For the Year Ending December 31, 2024 Alford Beeson Carlton Totals $ 60,000 $ 40,000 $ 20,000 $ 120,000 8,000 8,000 Net income 8,600 21,000 (6,000) 23,600 Drawings (12,000) (12,000) (12,000) (36,000) Ending capital balances $ 64,600 $ 49,000 $ 2,000 $ 115,600

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To calculate the ending capital balances for each partner well use the following formula Endin... View the full answer