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8. Stephen, Hayden, and Campbell have capital balances of $21,000, $42.000, and $75,000. The partners share profit as 1.1.3, respectively. The partnership had net income
8. Stephen, Hayden, and Campbell have capital balances of $21,000, $42.000, and $75,000. The partners share profit as 1.1.3, respectively. The partnership had net income of $115,000 for the year. Journalize the closing entry to allocate the net income (Record debits first, then credits. Select the explanation on the last line of the journal entry table) CLLED
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Basic Principles Of Accounting A Guide For Toatal Beginners
Authors: Simon Udeh Andrew
1st Edition
979-8861488440
