What is the balance of the equity account of brenda tyson

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Reference no: EM133335741

Question: Tyson Tapestries is an unincorporated partnership formed by Brende Tyson, Rhonda Lener, and Constance Cummings They contributed initial capital of $90,000, $60,000 and $40,000 respectively. During the year Brende contributed an additional $10.000 and withdraw $15,600 from her capital account. Net income was $137,600 and income is distributed to the partners in the ratio of the capital contributions .

Required 1: What is the balance of the equity account of Brenda Tyson in the year end financial statements?

Required 2: What is the balance of the capital account of Rhonda Lentil in the year end financial statements $

Required 3: What is the balance of the capital account of Constance Cummings in the year end financial statemere

Reference no: EM133335741

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