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Current Attempt in Progress For Sheridan Co., beginning capital balances on January 1,2022, are...

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Accounting

Current Attempt in Progress
For Sheridan Co., beginning capital balances on January 1,2022, are Nancy Payne
$16,500 and Ann Dody $14,400. During the year, drawings were Payne $7,000 and
Dody $6,000. Net income was $28,500, and the partners share income equally.
(a)
(b)
Prepare the owners' equity section of the balance sheet at December 31,2022.
SHERIDAN CO.
Partial Balance Sheet
December 31,2022
image

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