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Graham and Bergeron had beginning capital balances of $21,000 and $15,000, respectively. The two partners fall to agree on a profit-and-loss-sharing ratio. For the
Graham and Bergeron had beginning capital balances of $21,000 and $15,000, respectively. The two partners fall to agree on a profit-and-loss-sharing ratio. For the first month (June 2024), the Kpartnership has a net loss of $6,000. Read the requirements Requirement 1. How much of this loss goes to Graham? How much goes to Bergeron? Graham's loss Bergeron's loss Requirement 2. The partners withdrew no assets during June. What is each partner's capital balance at June 307 Prepare a T-account for each partner's capital account Determine each partner's capital balance using these T-accounts Graham, Capital Bergeron, Capital
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