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The Dewie,Cheatum,and Howe Partnership Paid Each of the Partners $100,000

Question 112

Multiple Choice

The Dewie,Cheatum,and Howe partnership paid each of the partners $100,000 for the work they performed during the year.As a result of these payments,the closing process will include a:


A) credit to Salary Expense.
B) credit to each partner's Capital account.
C) credit to each partner's Drawing account.
D) debit to Salary Expense.

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