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The condensed, adjusted trial balance of the Matthew and Gary Partnership as at December 31, 2024, appears below: The partuership agreement stipulates that a division

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The condensed, adjusted trial balance of the Matthew and Gary Partnership as at December 31, 2024, appears below: The partuership agreement stipulates that a division of parthership profit or loss is to be made as follows: The partnership agreement stipulates that a division of partnership profit or loss is to be made as follows: 1. A salary allowance of $346,000 to Matthew and $286,000 to Gary. 2. The remainder is to be divided equally. Prepare a schedule that shows the division of profit to each partner. (Enter negative amounts using either a negative sign preceding the number e.8. -45 or parentheses eg. (45). number eg. -45 or parentheseseg. (45).) Prepare the closing entries for the division of profit and for the drawings accounts at December 31, 2024, (Credit account tittes are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Prepare the closing entries for the division of profit and for the drawings accounts at December 31, 2024. (Credit occount titles are outomaticolly indented when the amount is entered. Do not indent manualiy. List all debit entries before credit entries)

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