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Question 2 of 6 10.42/15 View Policies Show Attempt History Current Attempt in Progress Coburn (beginning capital, $ 63,000) and Webb (beginning capital $ 94,000)

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Question 2 of 6 10.42/15 View Policies Show Attempt History Current Attempt in Progress Coburn (beginning capital, $ 63,000) and Webb (beginning capital $ 94,000) are partners. During 2022, the partnership carned net income of $ 68,000, and Coburn made drawings of $ 14,000 while Webb made drawings of $ 23,000 Question 2 of 6 > 10.42/15 Your answer is partly correct Assurse the partnership income-sharing agreement calls for income to be divided with a salary of $ 41,000 to Coburn and 36.000 to Webb interest of 10% on beginning capital and the remainder divided 50%-50% Prepare the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered. Do not indent manual) Account Titles and Explanation Debit Credit Income Suary 68.000 Coburn. Cat 33.205 WC

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