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Shubane Towson had capital balances of $60,000 and $120,000, spectively, on January 1 of the current year. On May Shwp invested an additional 110.000 in

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Shubane Towson had capital balances of $60,000 and $120,000, spectively, on January 1 of the current year. On May Shwp invested an additional 110.000 in the path. During the year, Sharp Townson withdrew $25,000 and $45,000, respectively. The revenue socount the end of the year nod o balance of $600.000, and the expense account had a balance of 5510,000. Sharp and Tunison rave agreed to Split net comes A Propere the statement of patho oqully for the current year. If an amount box does not require an entry, wave bank Share and Townson Statement of Partnership courty For the Year Ended December Sharp, Captal Townson, Capital Total Partners Capital Subtotal Subtotal b. Journalize the entries to close the revenue and expense accounts and the drawing accounts. If an amount box does not require an entry, leave it blank

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