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Do it according to canadian GAAP style On January 1, 2015 partners Kimberly Fisher, Bob Delgado and Kent Bronnan had capital balances of $30.000, $30,000
Do it according to canadian GAAP style
On January 1, 2015 partners Kimberly Fisher, Bob Delgado and Kent Bronnan had capital balances of $30.000, $30,000 and $84,000 respectively. During 2015 the partners made the following investments Kimberly Fisher, $140,000; Bob Delgado, $140,000, and Kent Brennan, $120,000 Also, Kimberly Fisher withdrew cash of $30,000, Bob Delgado withdrew $18,000 and Kent Brennan withdrew $.30.000 The company has a December 31 year end In addition, the following schedule shows how not loss is allocated Kimberly Fisher Bob Delgada Kent Brennan Total Netlom (44000) Salaries 24,000 27,000 24,000 Interest 14,000 14 000 12,000 Total salary and interest 38.000 41.000 38,000 (116.000) Reminder to be located 110.000) Homande located between partners (53.000 53.000) $3,000) 150 000 nance of nations to be able 0 Tot to be located to each partner 115,0001 112,0001 (17.000) 148000 Prepare the entry to close the income summay account Enter an appropriate coscription and the date in the format ddim 15Jan) Jor Pao credit by Callout the post-closing balance in each partners' capital socount Kimberly Fisher, Capit Bob Delgado Capital Kor Brennan Capital Step by Step Solution
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