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A.Neinsted Draws=23500, capital=44300 G.Bolen Draws=13900, capital=31000 K.Saylor Draws=10300, capital=29000 Journalize the entry to record the division of net income for the year 2017 under each
A.Neinsted Draws=23500, capital=44300
G.Bolen Draws=13900, capital=31000
K.Saylor Draws=10300, capital=29000
Journalize the entry to record the division of net income for the year 2017 under each of the following independent assumptions. Net income is $18,900. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a $14,470 salary allowance. The remainder is shared equally.
I have: Dr Cr
Income summary 18900 I tried:but none work
G.Bolen capital ? 2000 & 7235
K. SaylorCap ? 2000 & 7235
A.Neinsted Cap ? 2000 & 4430
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