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question lus weygandt accounting principles 12e help system announcements 4 back pri 4293837


LUS Weygandt, Accounting Principles, 12e Help System Announcements 4 BACK PRINTER VERSION Exercise 5 (Part Level Submission) capRal and Webb Cbeginning capital $92,000) are partners. During 2017,thepartnership earned net income of $65,000, and Coburn made drawings of $14,000 while Webb made drawings of $25,000. (a) Your answer is correct. the income sharing agreement calls for income to be divided 35% to Coburn and 65% to Webb. Prepare the journal entry to record the allocation net income. account automatically indented when amount is entered. Do not indent manually.) Macount Titus and Ex 65000 e Summary L 22050 1250 Webb, Capital SNOW ANSWER 1 of 3 used

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