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I want a perfect answer please. Because this is my last assignment need full grades in it. On March 2, 2023, Zoe Taylor, Karen Jackson,
I want a perfect answer please. Because this is my last assignment need full grades in it.
On March 2, 2023, Zoe Taylor, Karen Jackson, and Veronica Harrin start a partnership to opariate a personal coaching and lifestyle consulting practice for professional woman. Zoe will focus on work-life balance issues, Karen on mattlars of style, and Veronica on haalth and fitness. They sign a partnership agreement to split profits in a 3:2:3 ratio for Zoe. Karen, and Verchica, respectively. The following are the transactions for Carla Vista Personal Coaching: 2023 Mar. 2 The partners contribute assets to the partnership at the following agreed arnounts: They also agreethat the partnership will assume responsibility for Karen's note payable of 54,600 . Record casth drawings. (To close income Summary) 2024 (Torsecord with dewa of parther) (To record cash drawinss) (To close income 5 ummary) 2025 Record the abowa transactions. For tha profit recogniaad each year. calculate how it is to be allocatad and record the ciosing of the On March 2, 2023, Zoe Taylor, Karen Jackson, and Veronica Harrin start a partnership to operate a personal coaching and lifestyle consulting practice for professional women. Zoe will focus on work-life balance issues. Karen on matters of style, and Veronica on health and fitness. They sign a partnership agreement to split profits in a 3:2:3 ratio for Zoe, Karen, and Veronica, respectively. The following are the transactions for Carla Vista Personal Coaching: 2023 Mar. 2 The partners contribute assets to the partnership at the following agreed amounts: They also agree that the partnership will assume responsibility for Karen's note payable of $4,600. Dec. 20 Zoe, Karen, and Veronica each withdraw $27,600 cash as a"year-end bonus." No other withdrawals were made during the year. 31 Total profit for 2023 was $101,200 2024 Jan. 5 Zoe and Veronica approve Karen's request to withdraw from the partnership for personal reasons. They agree to pay Karen $13.800 cash from the partnership. 6 Zoe and Veronica agree to change their profit-sharing ratio to 4:5, respectively. Dec. 20 Zoe and Veronica withdraw $39,330 and $41,400 cash, respectively, from the partnership. 31 Total profit for 2024 was $113,850. 2025 Jan.4 Zoe and Veronica agree to admit Dela Robinson to the partnership. Dela will focus on providing training in organizational skills to clients. Dela invests $28,520 cash for 25% ownership of the partnership. (Invest assets in business.) (Record cash drawing5.) (To close income Summary) 2024 (To record withdrawal of partner.) (To record cash drawings.) (To close Income Summary.) 2025 (To record admission of partner.)
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