44 Profits of $2 400 have been shared in equal proportions between two partners, Debbie and Andrea Andrea, however, should only have received 40%. What must be the correcting entries in the partnership books? (A) (B) (C) (D) Dr Andrea's A/C De Andrea's AC Dr Appropriation A/C Dr Debbie's A/C $960 5240 5960 $240 C Debbie's A/C Cr Debbie's A/C Cr Andrea's A/C Cr Andrea's A/C 5960 $240 $960 $240 26. The following information was extracted from the books of sole trader, J. Kent. 2004 $ 2005 $ 2006 $ Opening Stock (Jan 01) 10000 14000 16000 Based on the information above, the average stock at December 31 is (A) (B) increased by $3 000 in 2005 over 2004 increased by $3 000 in 2006 over 2005 decreased by $3 000 in 2005 over 2004 decreased by $3 000 in 2006 over 2005 (C) (D)