this is the full qs
no explanation req
Required 1. Journalize all the transactions for the partnership. 2. Prepare the partners' equity section of the B\&K Consulting balance sheet as of January 2, 2023. Record the December 31,2020 , entry to close the income summary account. (Record debits first, then nearest cent if needed.) Record the January 1, 2021, entry. (Record debits first, then credits. Explanations are not required. On June 10,2020, Adam Beecher and Amber Kilar agreed to pool their assets and form a partrership to be called B\&K Consulting. They agree to share all profits equally and make the following initial investments. December 31 The partnership's reported net income was $215,000 for the year ended December 31, 2020. (Click on the icon to the partnership activity.) Bequired Requirement 1. Journalize all the transactions for the partnership. Rocord the June 10, 2020, opening entry. (Record debits first, then credits. Explanations are not required. Round to the nearest cent if needed.) Requirement 2. Prepare the partners' equity section of the B\&K Consulting balance sheet as of January 2, 2023. Begin by selecting the accounts used in the balance sheet pertaining to the Dartners' accounts. (Round amounts to the nearest cer Record the December 31, 2021, entry to close the income summary account. (Record debits first, then c nearest cent if needed.) Record the October 10, 2022, transaction for Amber Kilar. (Record debits first, then credits. Explanation if needed.) Requirement 1. Journalize all the transactions for the partnership. Record the June 10, 2020, opening entry. (Record debits first, then credits. Explanations are not required. Record the December 31, 2020, entry to close the income summary account. (Record debits first, then credits nearest cent if needed.I Record the December 31,2022 , entry to close the income summary account. (Record debits first, the nearest cent if needed.) Record the January 2, 2023, entry for the partner withdrawal. (Record debits first, then credits. Expla if needed.) \begin{tabular}{|c|c|c|c|c|c|c|} \hline & \multicolumn{2}{|c|}{ Beecher } & \multicolumn{2}{|r|}{ Kilar } & \multicolumn{2}{|r|}{ Naeem } \\ \hline Service & $ & 95,000 & $ & 125,000 & $ & 80,000 \\ \hline \begin{tabular}{l} Interest on capital balance \\ before allocation of income \end{tabular} & & 6% & & 6% & & 6% \\ \hline Balance of ratio of & & 3 & & 2 & & 5 \\ \hline \end{tabular} December 31, 2021 The partnership's reported net income was $490,000. October 10, 2022 Beecher withdrew $89,000 cash from the partnership, and Kilar withdrew December 31, 2022 The partnership's reported net income was $275,000. January 2, 2023 After a disagreement as to the direction in which the partnership should be moving, Naeem decided to withdraw from the partnership. The three partners agreed that Naeem could take cash of $326,835.52 in exchange for her equity in the partnership. Record the October 10, 2022, transaction for Adam Beecher. (Record debits first, then credits. Explanations are not if needed.) Record the December 31, 2022, entry to close the withdrawal accounts. (Record debits first, then credits. Explanation cent if needed.)
