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Daisey Brodsky and Jim Leigh began a partnership on February 1, 2021, by investing 556.000 and $91.000, respectively. They agree to share profit and losses

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Daisey Brodsky and Jim Leigh began a partnership on February 1, 2021, by investing 556.000 and $91.000, respectively. They agree to share profit and losses by allocating yearly salary allowances of $57.400 to Daisey and $44.400 to Jim, an interest allowance of 8% on their investments and to split the remainder 55:45. During the year, Dalsey withdrew $30,900 and Jim withdrew 521,600. The partnership recorded a loss of $15,100 in its first fiscal year. Prepare a schedule showing the division of the loss for the year. (Enter negative amounts using either a negative sign preceding the number eg, -45 or parentheses es. (451) BRODSKY AND LEIGH Division of Loss D. Brodsky leich Total Loss Salary allowance D. Brodsky J.Leigh Total Deficiency remaining for allocation Interest allowance Interest allowance D. Brodsky Leigh Total Deficiency remaining for allocation Fixed ratio D. Brodsky J. Leigh Total Total Loss remaining for allocation Loss allocated to the partners $ Prepare the journal entry to close the Income Summary account at the end of the year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit To close Income Summary

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