< eTextbook and Media LA LA Prepare the owners' equity section of the balance sheet at December 31, 2022. CARLA VISTA CO. Partial Balance Sheet LA

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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eTextbook and Media
LA
LA
Prepare the owners' equity section of the balance sheet at December 31, 2022.
CARLA VISTA CO.
Partial Balance Sheet
LA
Transcribed Image Text:eTextbook and Media LA LA Prepare the owners' equity section of the balance sheet at December 31, 2022. CARLA VISTA CO. Partial Balance Sheet LA
For Carla Vista Co., beginning capital balances on January 1, 2022, are Nancy Payne $18,900 and Ann Dody $17,200. During the year,
drawings were Payne $8,000 and Dody $4,400. Net income was $26,300, and the partners share income equally.
Prepare the partners' capital statement for the year. (List items that increase partners' capital first.)
CARLA VISTA CO.
Partners' Capital Statement
N. Payne
$
V
A. Dody
$
Total
Transcribed Image Text:For Carla Vista Co., beginning capital balances on January 1, 2022, are Nancy Payne $18,900 and Ann Dody $17,200. During the year, drawings were Payne $8,000 and Dody $4,400. Net income was $26,300, and the partners share income equally. Prepare the partners' capital statement for the year. (List items that increase partners' capital first.) CARLA VISTA CO. Partners' Capital Statement N. Payne $ V A. Dody $ Total
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