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Blake and Matthew are partners who agree that Blake will receive a $100.000 salary allowance and that any remaining income or loss will be shared

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Blake and Matthew are partners who agree that Blake will receive a $100.000 salary allowance and that any remaining income or loss will be shared equally. If Matthew's capital account is credited for $2.000 as his share of the net income in a given period, how imuch net income did the partnership carn in that period? Jules and Johnson are partners, each with $40,000 in their partnership capital accounts. Kwon is admit- ted to the partnership by investing $40,000 cash. Make the entry to show Kwon's admission to the partnership. Jules and Johnson are partners, each with $40.000 in their partnership capital accounts. Kwon is admit- ted to the partnership by investing $40,000 cash. Make the entry to show Kwon's admission to the partnership

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