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Please answer me as fast as you can. The condensed, adjusted trial balance of the Gary and James Partnership as at December 31,2024 , appears
Please answer me as fast as you can.
The condensed, adjusted trial balance of the Gary and James Partnership as at December 31,2024 , appears below: The partnership agreement stipulates that a division of partnership profit or loss is to be made as follows: 1. A salary allowance of $347,500 to Gary and $287,500 to James. 2. The remainder is to be divided equally. Prepare a schedule that shows the division of profit to esch partner. IEnter negative amounts using either a negative sign Step by Step Solution
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