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Save Answer U VOV Udlouer question will save this response. >> estion 12 1 points Fatima and Aysha invested $240,000 and $320,000 respectively in a
Save Answer U VOV Udlouer question will save this response. >> estion 12 1 points Fatima and Aysha invested $240,000 and $320,000 respectively in a partnership. The partners agreed to grant salary allowance of $30,000 to Fatima and $40,000 to Aysha; a 5% interest allowance on beginning capital balances and to share any remaining income or loss equally. The partnership reported net income of $80,000 for the year. Required: The journal entry to record the allocation of the net income between partners. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U S Paragraph Arial 14px Ev A
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