Question 10 Not yet On 01/01/2017 the capital balances in Toshiba company are Saki $130,000 and Turkic $120,000. In 2017 the partnership reports net income of $150,000. The income ratio provides for salary allowances of $60,000 for and $50,000 to Turkic and the remainder in the ratio of 55%: 45%.the journal entry for income distribution is answered Marked out of 1.00 P Flag question O a. Debit Income summary $150,000 and credit both Saki capital $75,000 and Turkic capital $75,000 O b. Debit Income summary $150,000 and credit both Saki capital $82, 000 and Turkic capital $68,000 O c. Debit Income summary $150,000 and credit both Saki capital $82,500 and Turkic capital $67,500 O d. Debit both Saki capital $82,000 and Turkic capital $68,000 and credit Income summary $150,000 Previous page Next pag - Ch 13 ppt Jump to