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Feedoack Dineck My Work ( 1 ) Revenues Expenses WLKT Partners, Member Equity Madison Sanders, Member Equity v v Observer Newspaper, LLC , Member Equity

Feedoack
Dineck My Work
(1) Revenues
Expenses
WLKT Partners, Member Equity
Madison Sanders, Member Equity vv
Observer Newspaper, LLC, Member Equity vv
(2) WLKT Partners, Member Equity v
Madison Sanders, Member Equity
Observer Newspaper. LLC. Member Equity v
WLKT Partners, Drawing *
Madison Sanders, Drawing
Observer Newspaper. LLC. Drawing vv
Feedback
D Cineck My Work
c. Prepare a statement of members' equity for 20Y2. If an amount box does not require an entry, leave it blank.
Marvel Media, LLC
Statement of Members' Equity
For the Year Ended December 31,20Y21112212a. Determine the division of income among the three members. If an amount box does not require an entry, leave it blank.
Schedule of Division of Income
Feedlasck
T Check My Work
a. Sat up a column for esch member and a total column. Allacate salary allowances, then distribute the remaining income based an the income sharing agreement.
b. Prepare the journal entries to clase the (1) net income and (2) withdrawals to the individual member equity accounts. For a compound entry, if an amount box does not require an entry, lesve it blank.
(1) Revenues
(2)
VCheck My Work
b. Close revenues and expenses to the member equity accounts. Clase the drawing sccounts to the respective equity accounts.
c. Prepare a statement of members' equity for 20Y2. If an amount box does not require an entry, leave it blank.
Mrvel Medi, LLC
Statement of Members' Equity the Year Ended December 31,20Y
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