Question 4 Coburn (beginning capital, $63,900) and Webb (beginning capital $90,2

Question

Question 4

Coburn (beginning capital, $63,900) and Webb (beginning capital $90,200) are partners. During 2014, the partnership earned net income of $69,000, and Coburn made drawings of $17,820 while Webb made drawings of $23,240.

Account Titles and Explanation

Debit

Credit

LINK TO TEXT

Account Titles and Explanation

Debit

Credit

LINK TO TEXT

Account Titles and Explanation

Debit

Credit

LINK TO TEXT

Open Show Work

LINK TO TEXT

Question 4

Coburn (beginning capital, $63,900) and Webb (beginning capital $90,200) are partners. During 2014, the partnership earned net income of $69,000, and Coburn made drawings of $17,820 while Webb made drawings of $23,240.

Explanation / Answer

a.

c.

Debit Credit Income summary 69,000 Net income 69,000 Net income 69,000 Capital - Coburn 27,600 Capital - Webb 41,400

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.