MISC

Abe and Babe have operated their partnership for ten years. Prepare journal entries for the following:

6/1/2000 Abe invests an additional $2,000 into the business

7/1/2000 Babe invests a personal computer worth $2,000 into the business

8/1/2000 Abe withdraws $1,000 for personal use

9/1/2000 Babe withdraws $500 of inventory for personal use