Sharpen Townsend hard couple of ounces of 60,000 $120,000 respectively on January 1 of the current year on May 8 sharp invested in additional $10,000 into the partnership during the year sharp in Townsend with Drew $25,000 and $45,000 respectively the revenue account at the end of the year had a balance of $600,000 and the expense account had a balance of $510,000 sharp and towns and how to agree to split net income on the basis of 2 to 1

prepare the statement of partnership equity for the current year

journalize the entries to close the revenue and expense accounts and drawing account