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Assignment Accounting For National Co., beginning capital balances on January 1, 2017, are Nancy Payne $19,700and Ann Dody $17,100. During the year, drawings were Payne

Assignment Accounting

For National Co., beginning capital balances on January 1, 2017, are Nancy Payne $19,700and Ann Dody $17,100. During the year, drawings were Payne $7,200and Dody $4,400. Net income was $25,300, and the partners share income equally.

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