1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 23-2 Distribution of Net Income and Owners’ Equity Statements

2. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 2 LESSON 23-2 DISTRIBUTION OF NET INCOME STATEMENT 1 2 3 4 5 6 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 7 8

3. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON 23-2 DISTRIBUTION OF NET INCOME STATEMENT WITH UNEQUAL DISTRIBUTION OF EARNINGS page 681

4. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 23-2 PARTNERS’ CAPITAL AND DRAWING ACCOUNTS page 682

5. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 23-2 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 STATEMENT page 683 1 2 3 4 5 6 1.Heading 7

6. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 23-2 OWNERS’ EQUITY STATEMENT WITH AN ADDITIONAL INVESTMENT AND A NET LOSS page 684

7. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 23-2 BALANCE SHEET FOR A PARTNERSHIP page 684

8. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 8 LESSON 23-2 TERMS REVIEW distribution of net income statement owners’ equity statement page 685