Please please please make sure when you submit your answer that it is not cut off when you submit. I've had a lot of problems with this on Chegg and it is very frustrating. When an expert will submit an answer they have it too zoomed in when they send their answer and you can only see a little bit of it.

Partnership Entries and Statement of partnership Equity The capital accounts of Angel Alvarez and Emma Allison have balances of $91,000 and $66,000, respectively, on January 1, 2014, the beginning of the fiscal year. On March 10, Alvarez invested an additional $10,000. During the year, Alvarez and Allison withdrew $49,000 and $40,000, respectively, and net income for the year was $126,000. Revenues were $547,000, and expenses were $421,000. The articles of partnership make no reference to the division of net income. a. Journalize the entry to close the revenues and expenses. For a compound transaction, if an amount box does not require an entry, leave it blank. Angel Alvarez, Capital Emma Allison, Capital Angel Alvarez, Drawing Emma Allison, Drawing Journalize the entry to close the drawing accounts. For a compound transaction, if an amount box does not require an entry, leave it blank. b. Prepare a statement of partnership equity for the current year for the partnership of Alvarez and Allison. If an amount is zero or a blank, enter in 0. Menendez and Breeden Statement of Partnership Equity For the Year Ended December 31, 2014 Angel Alvarez Emma Allison Total Balances, January 1, 2014 Additional investment during the year Net income for the year Withdrawals during the year Balances, December 31, 2014 $ $ $ Check Muller more Chart Worluecromaini Previous Neyt