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Question 8 of 12 - /7 !!! (To close Income Summary.) (2) Dec. 31 (To close Income Summary.) Prepare a statement of partners' equity for
Question 8 of 12 - /7 !!! (To close Income Summary.) (2) Dec. 31 (To close Income Summary.) Prepare a statement of partners' equity for the year under assumption (2) in part (a) above. (List items that increase partner's equity first.) SANDHILL PARTNERS Statement of Partners' Equity J. Chapman-Brown C. Duper H. We $ $ $ $ $ Determine the balances in the partners' capital accounts and in total partners' equity after White has withdrawn from the partnership for condition 2 above. (Do not leave any answer field blank. Enter O for amounts.) TC D. Nagel Capital K. White Capital 1. Mbango Capital Ca Condition 2 Beginning balance Ending balance $ $ $ $ $ $ $ $ Question 8 of 12 - /7 !!! (To close Income Summary.) (2) Dec. 31 (To close Income Summary.) Prepare a statement of partners' equity for the year under assumption (2) in part (a) above. (List items that increase partner's equity first.) SANDHILL PARTNERS Statement of Partners' Equity J. Chapman-Brown C. Duper H. We $ $ $ $ $ Determine the balances in the partners' capital accounts and in total partners' equity after White has withdrawn from the partnership for condition 2 above. (Do not leave any answer field blank. Enter O for amounts.) TC D. Nagel Capital K. White Capital 1. Mbango Capital Ca Condition 2 Beginning balance Ending balance $ $ $ $ $ $ $ $
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