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Option b) is related to a) Principles of Accounting the ACC 171-11-27 122 12-5 12 Your answer is correct. Assume the partnership income-sharing agreement calls

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Principles of Accounting the ACC 171-11-27 122 12-5 12 Your answer is correct. Assume the partnership income-sharing agreement calls for income to be divided 45% to Cobum and 55% to Web. Prepare the journal entry to cord the (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Part Account Tities and Explanation Income Summary : Debit $75,000 Credit Coburn, Capital $33.750 Study Webb, Capital T Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used w123 2-2 (Part mission) 2-5 (Part d ded to our (b) Assume the partnership income-sharing agreement calls for income to be divided with a wary $31.000 to Cound $26.000 to Weth, with the a and 55% to Webb. Prepare the journal entry to record the location of newcomer accounts are automatically indeed manually.) 12-6 (Part Account Tities and Explanation Debit Credit uits by Study Click if you would like to show Work for this questioni Open Show Work

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