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Complete table loss of $6.000. Andrew and Thompson had beginning capital balances of $22,000 and $17,000, respectively. The two partners fail to agree on a

Complete table

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loss of $6.000. Andrew and Thompson had beginning capital balances of $22,000 and $17,000, respectively. The two partners fail to agree on a profit-and-loss-sharing ratio. For the first month (June 2018), the partnership has a net Read the requirements. Requirement 1. How much of this loss goes to Andrew? How much goes to Thompson? Andrew's loss EA 3,000 Thompson's loss 3,000 Requirement 2. The partners withdrew no assets during June. What is each partner's capital balance at June 30? Prepare a T-account for each partner's capital account. Determine each partner's capital balance using these T-accounts. Andrew, Capital Thompson, Capital

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