Bo Delgado, Kent Brennan, ane Sandra Castelesed 50.000.590.000 $120.000 roseyin a patreshe, During its first year, the firm recorded a net income of $85.000 heegenommes to the tone Barway. 26 December 31, 2015 at The net comedore arrestereach one longue prone Erwan propre decoroton when entering the one in the journal. Darms must be rired in the formato de January 15 would be tani cal The partners did not produce any special agreement on the method of sharing ones OW Theater und seine and in the ratio of their beginning with The presedinte by providing antara 13.30 Babe 313.500 to Kertan 000S Castelling on the begin with and sharing the mandaly Question 4 [20 points) Bob Delgado, Kent Brennan, and Sandra Castell invested $90,000, $90,000, and $120,000, respectively in a partnership. During its first year, the firm recorded a net income of $85,800. Prepare general journal entries to close the firm's Income Summary account as of December 31, 2015 and to allocate the net income/loss to the partners under each of the following unrelated assumptions. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan) (a) The partners did not produce any special agreement on the method of sharing incomes. General Journal Page Gj1 Date Account/Explanation F Debit Credit (b) The partners agreed to share net incomes and losses in the ratio of their beginning investments. General Journal Page Gj1 Date Account/Explanation F Debit Credit (c) The partners agreed to share income by providing annual salary allowances of $13,500 to Bob Delgado, $13,500 to Kent Brennan, and $18,000 to Sandra Castell; allowing 10% interest on the partners' beginning investments; and sharing the remainder equally. General Journal Page Gj1 Account Explanation F Debit Credit Date 2cx DL