20 Jun. 10 Adam Buckner and Amber Kwan have agreed to pool their assets and form a Acounting for partnes in partnership to be called B&K Consulting. They agree to share all profits equallylossesj accounting for the admis- and make the following initial investments: ments; allocating profits and sion of a new partner; account- ing for the withdrawal of a partner; preparing a partnership balance sheet Buckner Kwan Cash.... $15,000 $30,000 Accounts receivable (net. 33,000 27,000 Office furniture. 24,000 2.A. Buckner, Capital 5387,209 Dec. 31 The partnership's reported net income was $195,000 for the year ended December 31, 2014 2015 estment for 30 percent of the business. The partnership agreement ollowing sharing of profits and losses: t Heidi Nguen into the partnership with a Jan. 1 Buckner and Kwan agree to accep is amended to provide for the f Nguen Buckner Kwan $90,000 $120,000 $75,000 5% Service.... 5% 5% Interest on capital balanc... Balance in ratio o The partnership's reported net income was $480,000. Dec. 31 2016 Buckner withdrew $84,000 cash from the partnership and Kwan withdrew $57,000 (Nguen did not make any withdrawals). The partnership's reported net income was $255,000. Oct. 10 Dec. 31 2017 to the direction in which the partnership should be to withdraw from the partnership. The three partners Jan. 2 After a disagreement as moving, Nguen decided agreed that Nguen could take cash of $300,000 in partnership exchange for herequfty Required 1. Journalize all of the transactions for the partnership. 2. Prepare the partners' equity section of the B&K Consu January 2, 2017. sheet as of Prohlem 1294