Mcfadzean and Honarzad run a farmers' market stall as a partnership. Honarzad withdrew ($26) 300 cash on
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Mcfadzean and Honarzad run a farmers' market stall as a partnership. Honarzad withdrew \($26\) 300 cash on 25 October 2025. Mcfadzean withdrew \($17\) 500 on 28 November 2025. On 1 April 2026 Mcfadzean withdrew \($32\) 000 of her capital investment in cash to meet unexpected motor vehicle repair costs.
Required
Prepare the journal entries for the above transactions for the year ended 30 June 2026 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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