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pls help Current Attempt in Progress Crane Company reported net income of $86,900. The partnership agreement provides for salaries of $22,000 to Miley and $15,000
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Current Attempt in Progress Crane Company reported net income of $86,900. The partnership agreement provides for salaries of $22,000 to Miley and $15,000 to Guthrie. They divide the remainder 35% to Miley and 65% to Guthrie. Prepare the closing entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Step by Step Solution
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