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Monty Skies Co . had beginning capital balances on January 1 , 2 0 2 0 , as follows: Patty Sharp $ 3 4 ,
Monty Skies Co had beginning capital balances on January as follows: Patty Sharp $ and Jim O'Connor $ During the year, drawings were Sharp $ and O'Connor $ Net income was $ and the partners share income equally.
Prepare the partners' capital statement for the year. List items that increase partners' capital first.
MONTY SKIES COMPANY Partners' Capital Statement
Sharp
O'Connor
Total
$
$
$
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