2. The partners agreed to share income and loss in the ratio of their beginning capital...

 

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2. The partners agreed to share income and loss in the ratio of their beginning capital investments Complete this question by entering your answers in the tabs below. Appropriation of profits General Journal Prepare the entry to close the firm's Income Summary account as of its December 31 year-end. Note: Do not round intermediate calculations, Round final answers to the nearest whole dollar. View transaction list Journal entry worksheet 1 Record the entry to close the Income summary account assuming the partners have agreed to share income and loss in the ratio of their beginning capital investments. Note: Enter debita before credita Date December 31 General Journal Debit Credit Record entry Clear entry View general journal 2. The partners agreed to share income and loss in the ratio of their beginning capital investments Complete this question by entering your answers in the tabs below. Appropriation of profits General Journal Prepare the entry to close the firm's Income Summary account as of its December 31 year-end. Note: Do not round intermediate calculations, Round final answers to the nearest whole dollar. View transaction list Journal entry worksheet 1 Record the entry to close the Income summary account assuming the partners have agreed to share income and loss in the ratio of their beginning capital investments. Note: Enter debita before credita Date December 31 General Journal Debit Credit Record entry Clear entry View general journal