Deng and Dang are 3:2 revenue sharing partners. Their principal balances are $48,122 and $62,776 respectively. The

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Deng and Dang are 3:2 revenue sharing partners. Their principal balances are $48,122 and $62,776 respectively. The Income Summary has a credit balance of $44,798. What is Deng's principal balance after closing the Principal Income Summary?

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Posted Date: Jun 27, 2023 06:27 AM

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Deng and Dang are 3:2 revenue sharing partners. Their principal balances are $48,122 and $62,776 respectively. The

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