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XYZ Co. reports net income of $500,000. Partner salary allowances are X $60,000, Y $20,000,...

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Accounting

XYZ Co. reports net income of $500,000. Partner salary allowances are X $60,000, Y $20,000, and Z $20,000, assuming the income ratio is 50: 30: 20, respectively. the division of net income to partner includes:Question 23Answera.Credit to Y capital $ 120,000.b.Debit to Y capital $ 140,000.c.Debit to Y capital $ 120,000.d.Credit to Y capital $ 140,000

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