CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 23-2LESSON 23-2
Distribution of Net Income
and Owners’...
2
LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
DISTRIBUTION OF NET INCOMEDISTRIBUTION OF NET IN...
3
LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
DISTRIBUTION OF NET INCOME STATEMENTDISTRIBUTION...
4
LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
PARTNERS’ CAPITAL AND DRAWINGPARTNERS’ CAPITAL A...
5
LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
5. Second partner’s
ending capital
3. First part...
6
LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
OWNERS’ EQUITY STATEMENT WITH ANOWNERS’ EQUITY S...
7
LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
BALANCE SHEET FOR A PARTNERSHIPBALANCE SHEET FOR...
8
LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
 distribution of net i...
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Lesson 23 2

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Lesson 23 2

  1. 1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 23-2LESSON 23-2 Distribution of Net Income and Owners’ Equity Statements
  2. 2. 2 LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning DISTRIBUTION OF NET INCOMEDISTRIBUTION OF NET INCOME STATEMENTSTATEMENT 11 22 33 44 55 66 page 680 1. Heading 4. Second partner’s name 3. First partner’s share of net income 2. First partner’s name 5. Second partner’s share of net income 6. Write Net Income 7. Total net income 8. Double lines 77 88
  3. 3. 3 LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning DISTRIBUTION OF NET INCOME STATEMENTDISTRIBUTION OF NET INCOME STATEMENT WITH UNEQUAL DISTRIBUTION OF EARNINGSWITH UNEQUAL DISTRIBUTION OF EARNINGS page 681
  4. 4. 4 LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning PARTNERS’ CAPITAL AND DRAWINGPARTNERS’ CAPITAL AND DRAWING ACCOUNTSACCOUNTS page 682
  5. 5. 5 LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5. Second partner’s ending capital 3. First partner’s ending capital 2. First partner’s name 6. Total Owners’ Equity 4. Second partner’s name 7. Double lines OWNERS’ EQUITY STATEMENTOWNERS’ EQUITY STATEMENT page 683 11 22 33 44 55 66 1. Heading 77
  6. 6. 6 LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning OWNERS’ EQUITY STATEMENT WITH ANOWNERS’ EQUITY STATEMENT WITH AN ADDITIONAL INVESTMENT AND A NET LOSSADDITIONAL INVESTMENT AND A NET LOSS page 684
  7. 7. 7 LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning BALANCE SHEET FOR A PARTNERSHIPBALANCE SHEET FOR A PARTNERSHIP page 684
  8. 8. 8 LESSON 23-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning TERMS REVIEWTERMS REVIEW  distribution of net income statement  owners’ equity statement page 685

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