Given the following information, prepare a schedule to show the allocation of the partnership income....
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Accounting
Given the following information, prepare a schedule to show the allocation of the partnership income. Partner A Partner B 50,000 1/1 80,000 1/1 4/5 6,000 6/1 15,000 4,200 9/25 14,500 10/1 8,000 11/28 3,000 12/3 Partnership Income is $100,000. The partnership agreement provides for division of income as follows: 1. Each partner is to be credited 10% interest based on his or her average capital balance. 2. Any remaining income or loss is to be divided equally
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