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Prepare a schedule showing the distribution of net income, assuming net income is $27,000.(If an...

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Accounting

Prepare a schedule showing the distribution of net income, assuming net income is $27,000.(If an amount reduces the account
balance then enter with a negative sign preceding the number or parenthesis, e.g.-15,000,(15,000).)
(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.)
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