Unit 6-question 1 of 2 part B

19 RCTI OHIE & Lab Learning Activity Ptype here to search TOSHIBA O IT EE education.wiley.com McGill Rain... 01000 W AC116 Unit 6 Lab Learning Activity Type here to search Question 1 of 2 2.5/5 E (1) Prepare a schedule showing the distribution of net income, assuming net income is $72.000. Of an amount reduces the account balance then enter with a negative sign preceding the number or parenthesis, eg-15,000, (15,000)) DIVISION OF NET INCOME Smyth Total Salary allowance 20000 11000 31000 Interest allowance 5700 4300 10000 Total salaries and interest 25700 15300 41000 15600 12400 Remaining income/ deficiency 31000 44300 $ 27700 $ Total division of net income 72000 (2) Prepare a schedule showing the distribution of net income, assuming net income is $27.000. f an amount reduces the account Rain ^ O 13 McGill *** Type here to search BA 2.5/5 E (2) Prepare a schedule showing the distribution of net income, assuming net income is $27,000. Of an amount reduces the account balance then enter with a negative sign preceding the number or parenthesis, eg.-15,000, (15,0001) DIVISION OF NET INCOME Smyth Total Salary allowance 20000 11000 5 Interest allowance 5700 4300 Total salaries and interest 25700 15300 Remaining income/ deficiency (8400) 15600) Total division of net income 17300 9700 eTextbook and Media $ McGill !!! 31000 10000 41000 (14000) 27000 Attempts: 2 of 5 used Rain *** AUT A Question 1 of 2 2.5/5 E (b) Journalize the allocation of net income in each of the situations above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the order presented in the previous part.) No. Account Titles and Explanation Debit Credit 1. eTextbook and Media Attempts 0 of Sused Submit Answer Rain.... Type here to search O Ri