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Blossom Company reported net income of $91,500. The partnership agreement provides for salaries of $21,000 to Miley and $16,300 to Guthrie. They divide the remainder

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Blossom Company reported net income of $91,500. The partnership agreement provides for salaries of $21,000 to Miley and $16,300 to Guthrie. They divide the remainder 35% to Miley and 65% to Guthrie. X Your answer is incorrect. Calculate division of net income Miley Guthrie Division of net income 18920 S 35230 x Your answer is incorrect. Prepare the closing entry. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit

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