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sloan hank and cooper have a capital balances of 24000 46000 and 75000 the partners share profit as 1:1:3 respectively the partnership had a net

sloan hank and cooper have a capital balances of 24000 46000 and 75000 the partners share profit as 1:1:3 respectively the partnership had a net income of 85000 for the year journilize the closing entry to allocate the net income.

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