What is the balance of the capital account of rhonda

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Reference no: EM133326670

Case: Tyson Tapestries is an unincorporated partnership formed by Brenda Tyson, Rhonda Lentil, and Constance Cummings. They contributed initial capital of $90,000, $60,000 and $40,000 respectively. During the year Brenda contributed an additional $10,000 and withdraw $13,700 from her capital account. Net income was $107,200 and income is distributed to the partners in the ratio of their capital contributions.

What is the balance of the equity account of Brenda Tyson in the year end financial statements?

What is the balance of the capital account of Rhonda Lentil in the year end financial statements?

What is the balance of the capital account of Constance Cummings in the year end financial statements?

Reference no: EM133326670

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