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b) Prepare the journal entry to record the distribution of net income. Assume revenues and
expenses have been closed to the income summary account.
Salaries Answer Answer Answer Answer
Remainder Answer
Share of remainder Answer Answer Answer Answer
Transferred to partner's capital Answer Answer Answer

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b) Prepare the journal entry to record the distribution of net income-.docx

  • 1. b) Prepare the journal entry to record the distribution of net income. Assume revenues and expenses have been closed to the income summary account. Salaries Answer Answer Answer Answer Remainder Answer Share of remainder Answer Answer Answer Answer Transferred to partner's capital Answer Answer Answer