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Alexis and Brenda are partners. After referring to the partnershp agreement a calculation was made and their portion of the profit for the year was

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Alexis and Brenda are partners. After referring to the partnershp agreement a calculation was made and their portion of the profit for the year was determined to bo $10,000 and $30,000 respectively. What is the journal entry to record the distribution of profi to the partners? dt Alexis, Caphal $10,000 dr Brenda, Capial $30,000 cr income Summary $40,000 dr Dividends $40,000 cr Alexis, Capital 10,000 Cr Brenda, Capital $30,000 dr Retained Eamings $40,000 or Alexis, Capital $10,000 cr Brenda, Capital $30,000 dr Income Summary $40,000 a Alexis, Capital $10,000 c, Brenda, Capital $30,000

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