de

Rod Dall Coreports net income of $86,000. The income ratios are Rod 75% and Dall 25%. Indicate the division of net income to each partner and prepare the entry to distribute the net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Save for later Attempts: 0 of 1 used Submit Answer After liquidating noncash assets and paying creditors, account balances in the Ivanhoe Co. are Cash $17.900; A. Capital (Cr.) $7.700; B. Capital (Cr.) $5,500; and C. Capital (Cr.) $4,700. The partners share income equally, Journalize the final distribution of cash to the partners. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit . Save for Later Attempts: 0 of 1 used Submit Answer A