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For Sunland Co., beginning capital balances on January 1, 2022, are Nancy Payne $21,600 and Ann Dody $14,400. During the year, drawings were Payne
For Sunland Co., beginning capital balances on January 1, 2022, are Nancy Payne $21,600 and Ann Dody $14,400. During the year, drawings were Payne $7,300 and Dody $4,700. Net income was $26,400, and the partners share income equally. (a) Prepare the partners' capital statement for the year. (List items that increase partners' capital first.) SUNLAND CO. Partners' Capital Statement N. Payne A. Dody Total
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Weygandt Kimmel Kieso
10th Edition
0470646462, 978-0470646465
