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Rod and Dall are partners in Sunland LLP. The partnership reports profit of $84,000. There is no partnership agreement. Prepare the entry to distribute
Rod and Dall are partners in Sunland LLP. The partnership reports profit of $84,000. There is no partnership agreement. Prepare the entry to distribute the profit between the partners. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To close Income Summary.) eTextbook and Media Prepare the entry to distribute the profit assuming it is a $84,000 net loss. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To close Income Summary.)
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