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help please The partnership of Michael and Dhillips reports net income of $119300. The partners share equally in income and losses. The entry to record

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The partnership of Michael and Dhillips reports net income of $119300. The partners share equally in income and losses. The entry to record the partners' share of net income will include a credit to Dhillips, Drawing for $59650. debit to Dhillips, Capital for $59650. credit to Michael, Capital for \$\$9650. credit to Income Summary for $119300

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