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Exercise 12-6 For Starrite Co., beginning capital balances on January 1, 2012, are Donna Noble $19,970 and Amy Bond $19,860. During the year, drawings were
Exercise 12-6 For Starrite Co., beginning capital balances on January 1, 2012, are Donna Noble $19,970 and Amy Bond $19,860. During the year, drawings were Noble $7,460 and Bond $4,420. Net income was $28,490, and the partners share income equally (a) Prepare the partners' capital statement for the year. (List items that increase partner's capital first.) STARRITE CO. Partners Capil statemen For th 2012 Total D. Noble A. Bond
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