Bonnie and Clyde have a partnership to run their human resource management services firm. Account balances related

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Bonnie and Clyde have a partnership to run their human resource management services firm. Account balances related to their equity for the year ended 30 June 2026 are as follows: image text in transcribed

Profit of $124 000 for the year was distributed evenly between the partners.
Required

(a) Prepare a statement of changes in partner’s equity using both method 1 and method 2.

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Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

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Question Posted: Apr 13, 2024 11:00 PM

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Bonnie and Clyde have a partnership to run their human resource management services firm. Account balances related

Question:

Capital Balance 1 July 2025, Bonnie Capital Balance 1 July 2025, Clyde Additional investment, Bonnie Withdrawal of capital, Clyde Drawings, Bonnie Drawings, Clyde $ 120 000 100 000 32 000 15 000 18 000 20 000

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Accounting

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