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question 8 Division of Income they have agreed to split profits in the following...

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Accounting

question 8 Division of Income
they have agreed to split profits in the following manner.
a) paying a salary to each
c) splitting the rest according to the following Percentages
At the beginning of the year they had the following capital balances
The partnership made a profit for the year of
$60,000
a) prepare the table to showing the changes in partners capital
b) prepare the journal entry to distribute the profits amongst the partners on Dec 31
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