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During 20xx, Schmidt invested $75,000 and Baldwin invested $90,000 in a partnership. They agreed that Baldwin would get a salary allowance of $30,000 and the

During 20xx, Schmidt invested $75,000 and Baldwin invested $90,000 in a partnership. They agreed that Baldwin would get a salary allowance of $30,000 and the would share any remaining income or loss equally. During 20xx, the partnership earned net income of $300,000 and they each withdrew $12,000 from the partnership. What journal entry will be used to record Baldwin's salary allowance in cash payments journal?

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