Accounting II

Accounting - Chapter 23

Chapter Objectives

  • Journalize entries to record investment by partners.
  • Journalize entries to record withdrawals by partners.
  • Prepare a distribution of net income statement for a partnership.
  • Prepare an owners’ equity statement for a partnership.
  • Calculate and record a gain on realization.
  • Calculate and record a loss on realization.
  • Journalize entries to liquidate a partnership.

Accounting for Partnerships

Chapter 23 PowerPoint

23-1 | 23-2 | 23-3

Chapter 23 Quizlet


Application Problem 23-2.1


Application Problem 23-2.2


Think Like An Accountant