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Prepare the partners capital statement for the year

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Question - In Royweb Co., beginning capital balances on January 1, 2014, are Ken Rory $21,500 and Diane Webb $19,700. During the year, drawings were Rory $7,700 and Webb $2,700. Net income was $34,000, and the partners share income equally.

Prepare the partners' capital statement for the year?

Reference no: EM132115239

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