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On January 1, 2021, the capital balances in Sunland Partnership are as follows: Neither partner had any drawings in 2021. Your answer is correct. Prepare

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On January 1, 2021, the capital balances in Sunland Partnership are as follows: Neither partner had any drawings in 2021. Your answer is correct. Prepare the closing entry to allocate the partnership profit if in 2021 , the partnership reports profit of $100,800. There is no partnership agreement. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Your answer is correct. Prepare the closing entry to allocate the partnership profit if in 2021, the partnership reports profit of $67,200. The income ratio provides for salary allowances of $47,040 for Gable and $33,600 to Smith and the remainder to be shared equally. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Prepare the closing entry to allocate the partnership profit if in 2021 , the partnership reports profit of $67,200. Assume the partnership agreement calls for profit to be divided with a salary of $44,800 to Gable and $33,600 to Smith. Gable is allowed 6\% of interest on her beginning capital, and the remainder is divided 70\%-30\%. (Round answers to 0 decimal places, e.g. 5,276. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (IU civse illuile Juililidi y.)

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