Question
Prepare the partnership equity section of the balance sheet using the following information. The capital accounts of Mindy Dawson and Rania Alam, partners in North
Prepare the partnership equity section of the balance sheet using the following information.
The capital accounts of Mindy Dawson and Rania Alam, partners in North Face company, had balances of $80, 000 and $95,000, respectively, on January 1, 2020. During the year, Dawson invested an additional $15,000 and each partner withdrew $50,000. Profit for the year was $150,000 and was shared equally between the partners. Prepare a statement of partners equity for the year ended December 2020
*You need to create a statement of Owners Equity in a platform of your choice and screen shot it below
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