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hi guys I got this answers and this one too. lastly, I had to get answers for this one and I dont know how should
hi guys I got this answers and this one too. lastly, I had to get answers for this one and I dont know how should I calculate for this last part. please help me to get an answers LUFTIR MILCHPUHTUSED K. Ison (beginning capital, $57,000) and I. McCoy (beginning capital $91,200) are partners. During 2021, the partnership reported profit of $68,400, and Ison made drawings of $17.100 while McCoy made drawings of $22,800. Your answer is correct. Assume the partnership agreement calls for profit to be divided 55% to Ison and 45% to McCoy. Prepare the journal entry to close the Income Summary account. (Credit account titles are automatically indented when the amount is entered De not indent manually.) Credit Debit Account Titles and Explanation 68400 Income Summary 37620 K. Ison, Capital 30780 1. McCoy. Capital (To close Income Summary.) Your answer is correct. Assume the partnership agreement calls for profit to be divided with a salary of $34.200 to K. Ison and $22,800 to I. McCoy. with the remainder divided 55% to Ison and 45% to McCoy, Prepare the journal entry to close the Income Summary account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Account Titles and Explanation Income Summary Credit 68400 Kison Capital 40470 1. McCoy. Capital 27930 (To close Income Summary) e Textbook and Media Your answer is incorrect. Assume the partnership agreement calls for profit to be divided with a salary of $45,600 to K. Ison and $34,200 to I. McCoy. interest of 10% on beginning capital, and the remainder divided 50%-50%. Prepare the journal entry to close the Income Summary account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit Account Titles and Explanation Income Summary Kison, Capital LMcCoy, Capital To cose Income Summary)
hi guys I got this answers and
this one too.
lastly, I had to get answers for this one and I dont know how should I calculate for this last part.
please help me to get an answers
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