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Make owners equity section of the balance sheet at December

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Problem - For National Co., beginning capital balances on January 1, 2017, are Nancy Payne $19,700 and Ann Dody $17,100. During the year, drawings were Payne $7,200 and Dody $4,400. Net income was $25,300, and the partners share income equally. Make the owners' equity section of the balance sheet at December 31, 2017.

Reference no: EM132676388

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