Question
Partners A and B receive a salary of $16,000 and $14,000, respectively. They agree to share income equally. If the partnership has income of $280,000
Partners A and B receive a salary of $16,000 and $14,000, respectively. They agree to share
income equally. If the partnership has income of $280,000 in 20x5, the entry to close the income
into their capital accounts is:
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
