On July 1, 2022, Alleya Amrick and Breanne Balas formed a partnership to make crafts and sell

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On July 1, 2022, Alleya Amrick and Breanne Balas formed a partnership to make crafts and sell them online.


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Required


1. Prepare journal entries for the following dates:


a. July 1, 2022


b. June 20, 2023


c. June 30, 2023


d. July 1, 2023


2. Calculate the balance in each partner’s capital account immediately after the July 1, 2023, entry.

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Related Book For  book-img-for-question

Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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