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I am having trouble finding the Balance Allocated Equally, and the filling in the general journal. Kara Ries, Tammy Bax, and Joe Thomas invested $42,000,

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I am having trouble finding the Balance Allocated Equally, and the filling in the general journal.

Kara Ries, Tammy Bax, and Joe Thomas invested $42,000, $58,000, and $66,000, respectively, in a partnership. During its first calendar year, the firm earned $329,100. Prepare the entry to close the firm's Income Summary account as of its December 31 year-end and to allocate the $329,100 net income to the partners under each of the following separate assumptions: Problem 12-3A Part 3 (3) The partners agreed to share income and loss by providing annual salary allowances of $30,000 to Ries, $25,000 to Bax, and $37,000 to Thomas; granting 10% interest on the partners' beginning capital investments; and sharing the remainder equally. Ries Bax Thomas $ Supporting Calculations Net income Salary allowances Balance after salary allowances Interest allowances $ 30,000 $ 25,000 $ 37,000 Total 329,100 92,000 237,100 16,600 4,200 5 ,800 6,600 Balance after interest and salaries 220,500 Balance allocated equally Balance of income Shares of the partners $ 220,500 $ 34,200 $ 30,800 $ 43,600 Required information View transaction list Journal entry worksheet have agreed to share income and loss by providing annual salary allowances of $30,000 to Ries, $25,000 to Bax, and $37,000 to Thomas; granting 10% interest on the partners' beginning capital investments, and sharing the remainder equally. Note: Enter debits before credits. Credit Date Dec 31 Debit 329,100 General Journal Income summary Kara Ries, Capital Tammy Bax, Capital Joe Thomas, Capital Record entry Clear entry View general journal

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