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Partners B and I Receive a Salary Allowance of $6,000

Question 4

Multiple Choice

Partners B and I receive a salary allowance of $6,000 and $14,000,respectively,and share the remainder equally.If the company earned $8,000 during the period,the entry to close the income or loss into their capital accounts is:


A)
Partners B and I receive a salary allowance of $6,000 and $14,000,respectively,and share the remainder equally.If the company earned $8,000 during the period,the entry to close the income or loss into their capital accounts is: A) B) C) D)
B)
Partners B and I receive a salary allowance of $6,000 and $14,000,respectively,and share the remainder equally.If the company earned $8,000 during the period,the entry to close the income or loss into their capital accounts is: A) B) C) D)
C)
Partners B and I receive a salary allowance of $6,000 and $14,000,respectively,and share the remainder equally.If the company earned $8,000 during the period,the entry to close the income or loss into their capital accounts is: A) B) C) D)
D)
Partners B and I receive a salary allowance of $6,000 and $14,000,respectively,and share the remainder equally.If the company earned $8,000 during the period,the entry to close the income or loss into their capital accounts is: A) B) C) D)

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