Farrah and Smith had beginning capital balances of $$19,000$ and $$14,000,$ respectively. The two partners fail to agree on a profit$-$and$-$loss$-$sharing ratio. For the first month $($June $2016,$ the partnership has a net loss of $$8,000.$

Requirements

How much of this loss goes to Farrah? How much goes to Smith?

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.

Requirement $1.$ How much of this loss goes to Farrah? How much goes to Smith?

Farrah's $$

Smith's $$