At the end of its first year of operations, on December 31, 2021, SANDHILL Partners accounts show the following:

Partner		Drawings				Capital
J. Chapman-Brown			$12,200			$30,000
C. Duper			8,240			40,000
H. Weir			6,120			50,000

The capital balance represents each partners initial capital investment. No closing entries for profit (loss) or drawings have been recorded as yet.

1.		Profit is $40,300. Duper and Weir are given salary allowances of $7,600 and $11,100, respectively. The remainder is shared equally.
2.		Profit is $39,000. Each partner is allowed interest of 7% on beginning capital balances. Chapman-Brown, Duper, and Weir are given salary allowances of $15,100, $18,100, and $18,600, respectively. The remainder is shared in a ratio of 5:3:2.

Journalize the entries to record the division of profit for the year ended December 31, 2021, under each of the following independent assumptions

1 dec 31

2 dec 31