C And D are partners who share profits and losses as - salary allowance of $15,000 is allocated to each partner 10 % interest on their initial investment ( C's capital 60,000 and D's capital 40,000) and remaining equally if any. Earnings for the period total $70,000. What will be the total amount credited to the Capital account of each partner when the Income Summary account is closed?

5. C and D are partners who share profits and losses as - salary allowance of $15,000 is allocated to each partner. 10 % interest on their initial investment (C's capital 60,000 and D's capital 40,000) and remaining equally if any. Earnings for the period total $70,000. What will be the total amount credited to the Capital account of each partner when the Income Summary account is closed? 5marks WI Bi acer