Question: Asanti and Quall are partners. Using the following information, prepare a statement of equity on December 31, 2017, for the A&Q Partnership: Capital Capital Net

Asanti and Quall are partners. Using the following information, prepare a statement of equity on December 31, 2017, for the A&Q Partnership:

Capital Capital Net Income Allocated $33,900 $22,100 Partner Drawings $12,000 $12,000 Jan. 1,2017Contributions $45,000 $60,000 Asanti $10,000 Quall $10,000

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