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Partners a and B Receive a Salary of $16,000 and $14,000,respectively.They

Question 63

Multiple Choice

Partners A and B receive a salary of $16,000 and $14,000,respectively.They agree to share income and losses equally.If the partnership has income of $280,000 in 20x5,the entry to close the income into their capital accounts is:


A)
Partners A and B receive a salary of $16,000 and $14,000,respectively.They agree to share income and losses equally.If the partnership has income of $280,000 in 20x5,the entry to close the income into their capital accounts is: A) B) C) D)
B)
Partners A and B receive a salary of $16,000 and $14,000,respectively.They agree to share income and losses equally.If the partnership has income of $280,000 in 20x5,the entry to close the income into their capital accounts is: A) B) C) D)
C)
Partners A and B receive a salary of $16,000 and $14,000,respectively.They agree to share income and losses equally.If the partnership has income of $280,000 in 20x5,the entry to close the income into their capital accounts is: A) B) C) D)
D)
Partners A and B receive a salary of $16,000 and $14,000,respectively.They agree to share income and losses equally.If the partnership has income of $280,000 in 20x5,the entry to close the income into their capital accounts is: A) B) C) D)

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