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and Murray invested $ 268,000 in a partnership . They agreed to share income and loss by allowing a $ 77.000 per and a 57,000
and Murray invested $ 268,000 in a partnership . They agreed to share income and loss by allowing a $ 77.000 per and a 57,000 per year salary allowance to Murray , plus an interest allowance on the partners beginning year capital investments 10 with remaining balance to be shared equally Assuming net income for the current year is $ 139,000 , the journal entry to allocate net income
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