Activity in the capital accounts of the partners of Webb & Yu LLP for the fiscal year

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Activity in the capital accounts of the partners of Webb & Yu LLP for the fiscal year ended December 31, 2005, follows:

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Net income of Webb & Yu LLP for the year ended December 31, 2005, amounted to $48,000.

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Modern Advanced Accounting

ISBN: 9780072922554

10th Edition

Authors: E. John Larsen

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Question Posted: Sep 19, 2024 02:30 PM

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Activity in the capital accounts of the partners of Webb & Yu LLP for the fiscal year ended December 31, 2005, follows: Net income of Webb & Yu LLP for the year ended December 31, 2005, amounted to...
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Activity in the capital accounts of the partners of Webb & Yu LLP for the fiscal year

Question:

Webb, Capital Yu, Capital Balances, Jan. 1 Investment, July 1 $40,000 20,000 $80,000 Withdrawal, Oct. 1 40,000

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Modern Advanced Accounting

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