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Unformatted text preview: Total Capital, January 1, 2008 Additional investment during the year Total Net income for the year Total Withdrawals during the year Capital, December 31, 2008 3. SATO AND KOENING Balance Sheet December 31, 2008 Assets Current assets: Cash Accounts receivable Supplies Total current assets Plant assets: Land Building Less accumulated depreciation Office equipment Less accumulated depreciation Total plant assets Total assets Liabilities Current liabilities: Accounts payable Salaries payable Total liabilities Partners' Equity Peter Sato, capital May Koening, capital Total partners' equity Total liabilities and partners' equity...
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