-13 McGill and Smyth have capital balances on January 1 of $55,000 and $47,000,...
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McGill and Smyth have capital balances on January of $ and $ respectively. The partnership incomesharing agreement provides for annual salaries of $ for McGill and $ for Smyth interest at on beginning capital balances, and remaining income or loss to be shared by McGill and by Smyth a Prepare a schedule showing the distribution of net income, assuming net income is $If an amount reduces the account balance then enter with a negative sign preceding the number or parenthesis, eg 
McGill and Smyth have capital balances on January of $ and $ respectively. The partnership incomesharing agreement provides for annual salaries of $ for McGill and $ for Smyth interest at on beginning capital balances, and remaining income or loss to be shared by McGill and by Smyth
a
Prepare a schedule showing the distribution of net income, assuming net income is $If an amount reduces the account balance then enter with a negative sign preceding the number or parenthesis, eg
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