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SNOWv2 Online teachi x + Assignment/takeAssignmentMain doinvoker-StakeAssignmentSessionlocatorinprogressol BOON Partnership Entries and statement of Partnership Equity The capital accounts of Lorraine Grecco and Carrie Rosenfeld have balances of $64,000 and 599,000, respectively, on January 1, 2014, the beginning of the fiscal year. On March 10, Grecco invested an additional $11,000. During the year, Grecco and Rosenfeld withdraw $43,000 and $53,000, respectively, and net Income for the year was $84,000. Revenues were $654,000, and expenses were $570,000. The articles of partnership make no reference to the division of net income. a. Journalize the entry to close the revenues and expenses. If an amount box does not require an entry, leave it blank. Journalize the entry to close the drawing accounts. If an amount box does not require an entry, leave it blank. V b. Prepare a statement or partnership equity for the current year for the partnership of Grecco and Rosenfeld. If an amount is zero or a blank, en no b. Prepare a statement of partnership equity for the current year for the partnership of Grecco and Rosenfeld. If an amount is ters or a blank enter in o Grecco and Rosenfeld Statement of Partnership Equity For the Year Ended December 31, 2014 Lorraine Grecco Carrie Rosenfeld Balances, January 1, 2014 Additional Investment during the year Total Net income for the year Withdrawals during the year Balances, December 31, 2014 Previous Nest Check My Work 3 more Check My Work uses remaining Save and Exit Submit Assignment for Grad

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