1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Georgia [21]
3 years ago
7

Prepare partners' capital statement and partial balance sheet. (LO 2) For National Co., beginning capital balances on January 1,

2020, are Nancy Payne $20,000 and Ann Dody $18,000. During the year, drawings were Payne $8,000 and Dody $5,000. Net income was $40,000, and the partners share income equally.

Business
1 answer:
timurjin [86]3 years ago
5 0

Answer: The answer had been attached below

Explanation:

The purpose of a balance sheet is to show the financial status of a business at a particular point in time. It shows an asset i.e what is owned by an entity, the liability i.e how much an entity owes and an equity i.e the amount invested in a business.

The partners' capital statement and partial balance sheet. (LO 2) for National Co., has been prepared and attached below.

You might be interested in
Economists believe that an activity should be continued up to the point where
Goryan [66]
The marginal benefit from the activity is equal to the marginal cost
4 0
3 years ago
Why is it important for a nail care provider to learn and understand the structure and function of the nails?
melomori [17]

Answer:

Learning to know and recognize the Anatomy of the Nail is very important, whether for those who work in the Nails sector and every day must take care (even if only Aesthetically) of the Nails of their Customers, and for those who are simply passionate to the topic or prefer to independently take care of their Hands and Feet!

Explanation:

3 0
2 years ago
Supply chain management systems are one type of ________ because they automate the flow of information across company boundaries
AlexFokin [52]

Answer:

inter-organizational system

Explanation:

An inter-organizational system refers to the network amongst organizations, or "sharing communications system between such a number of companies." The most common method of inter-organizational systems is electronic communications exchange, which allows for the immediate desktop-to-computer transmission of information.

The inter-organizational rules allow knowledge exchange to be streamlined between companies in terms of achieving a planned supply-chain management structure that allows profitable businesses to evolve. It facilitates customer needs planning and products and services distribution.

4 0
2 years ago
Lina wants to be a lawyer for her future career. Which extracurricular activity would be the most helpful? teacher’s aide marchi
Aleksandr [31]
I believe your answer would be C. Speech and Debate. Being a lawyer requires lots of debate, and speech to support your answer and make it more clear. 
3 0
3 years ago
Read 2 more answers
Economics
nignag [31]

Answer:

it would be harder to get electricinans because it costs more

Explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • An applicant for an individual health policy failed to complete the application properly. Before being able to complete the appl
    10·1 answer
  • City Slick, Inc., makes cosmetics. City Slick intentionally mislabels its packaged products to conceal a defect. Trusting and re
    15·1 answer
  • How is it possible to have a large amount of assets but only modest net worth?
    14·1 answer
  • CompX Inc. is an online retailer of electronic products including laptops and tablets. The company is known for its unique appro
    14·1 answer
  • Under a written insurance contract, the policyholder pays a premium, and the insurance company provides:____
    7·1 answer
  • Indicators of a possible asset or income concealment include all of the following except:
    10·1 answer
  • Your Economics instructor assigns your class to investigate factors associated with the gross domestic product (GDP) of nations.
    5·1 answer
  • Alfred lost his 3-year-old camera. It cost him $150 three years ago and had a life expectancy of 6 years. Alfred has actual cash
    9·1 answer
  • "Girls Just Wanna Have Funds" is a Washington, DC, support group that consists mostly of young women who offer tips on budgeting
    11·1 answer
  • One effective way to manage credit card debt is to:
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!