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b) Assume the partnership agreement calls for profit to be divided with a salary of $33,600 to K. Clark and $28,000 to I. Lewi, with
b) Assume the partnership agreement calls for profit to be divided with a salary of $33,600 to K. Clark and $28,000 to I. Lewi, with the remainder divided 45% to Clark and 55% to Lewi. Prepare the journal entry to close the Income Summary account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles Debit Credit Income Summary 89600 K. Clark, Capital I. Lewi, Capital
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