Barrett and Pickering run a market stall together as a partnership. On 30 November 2019, Barrett withdrew
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Barrett and Pickering run a market stall together as a partnership. On 30 November 2019, Barrett withdrew $12 000 cash. Pickering withdrew $8000 on 20 December 2019. On 31 March 2020 Pickering withdrew $15 000 of her capital investment in cash to meet unexpected medical expenses for her son.
Required
Prepare the journal entries for the above transactions for the year ended 30 June 2020 using both method 1 and method 2.
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Related Book For 
Financial Accounting
ISBN: 9780730363217
10th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield
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