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Happy Sunday Looking to see the answers and how you derived the numbers. Thanks this is a complete question U Course: ACCT : X Ly

Happy Sunday

Looking to see the answers and how you derived the numbers. Thanks

this is a complete question

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U Course: ACCT : X Ly Introduction to x Ly Lab 13.2 (Ques X Ep 13 | Dr. (41 X Course Hero X y' amber o'hearn X L. Amber O'He: X Activista ambie X y! calculator - Yal X C lifa1.lyryx.com/student-servlets/LabServlet?ccid=7845 ES Apps Home Other Bookmarks Spreadsheet Print Preferences Help Lab 13.2 (Question 1) Name: Fiona Murton Cabrera Date: 2020-10-18 Question 1 [10 points] On January 1, 2015, Andrew Martin, Carrie Ford, and Mary Graham formed a partnership by investing $120,000, $110,000, and $130,000 respectively. During the remainder of the year, Andrew Martin withdrew cash of $27,000, Carrie Ford withdrew $45,000 and Mary Graham withdrew $15,000. In addition, the following schedule shows how net loss is allocated. Andrew Martin Carrie Ford Mary Graham Total Net loss :.. (42,000) Salaries :. 15,000 15,000 27,000 Interest :. 6,000 5,500 6,50 Total salary and interest :.. 21,000 20,500 33,500 (75,000) Remainder to be allocated : (117,000) Remainder allocated between partners : (39,000) (39,000) (39,000) 117,000 Balance of net loss to be allocated:. Total to be allocated to each partner:. (18,000) (18,500) (5,500 (42,000) a) Prepare the entry to close the income summary account. Enter an appropriate description and the date in the format dd/mmm (ie. 15/Jan). General Journal Page GJ2 Date Account/Explanation F Debit Credit + - b) Calculate the post-closing balance in each partners' capital account. Andrew Martin, Capital. Carrie Ford, Capital Mary Graham, Capital Official Time: 16:53:27 SUBMIT AND MARK SAVE AND CLOSE

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