Net income is $$24,000.$ Income is shared $6$:$3$:$1.$

Net income is $$32,000.$ Niensted and Bolen are given salary allowances of $$12,000$ and $$8,000,$ respectiv remainder is shared equally.

Net income is $$15,200.$ Each partner is allowed interest of $10\%$ on beginning capital balances. Niensted is $$12,000$ salary allowance. The remainder is shared equally.

No$.$ Account Titles and Explanation

Debit

Credit

$1.$

A$.$ Niensted, Capital

$2.$