Partnership entries and statement of partners' equity Chart of Account Amount Descriptions ement of Partnership Equity Instructions The capital cuts of Angel Alvarez and Emma Alison have balance of 547.740 and $71.870, respectively, on January 1, 2014, the beginning of the focal year. On March 10. Alvarez Invested an additional 7.000. During the year. Alwer and Alison withdrew $31.410 and $39,630, respectively, and net income for the year was 62.000 Revenues were 483.000, and perces were 21.000. The w es of partnership make r ence to the vision of net income Required A Joure meant to close the revenues and expenses and (2) the drawing accounts on December 31. Refer to the Chart of Accounts for exact wording of accounts 8. Prepare a statement partnership equity for the current year for The partnership of Aland Also Heler to the Amount Despois provided for the exact wording of the choice for tant Instructions Chart of Accounts Amount Descriptions Journal Statement of Partnership Equity Journa A Jumate the entries to close (t) the revenues and expenses and (2) the drawing accounts on December 31. Refer to the Chart of Accounts for an wording of accountries GED JOURNAL ACCOUNTING EQUATION POST REE D EBIT CREDIT ASSETS ABUTIES EQUITY DESCRIPTION Closing Entries Instructions Chart of Accounts Amount Descriptions Journal Statement of Partnership Equity Statement of Partnership Equity B. Prepare a mente parte quity for the curred you for the partnership of Alvarez and Alison. Refer to the information given and the list of Amount Descriptions provided for the exact wording of the answer chow for this. If there is a decrease in partner's equity enter that amount as a negative numbering a minun ALVAREZ AND ALLISON Statement of Partnership Equity For the Year Ended December 31, 2014 Angel Alvarez Em Allison, Capital Total Partnership Capital