Question: If a partnership earned $ 1 0 0 , 0 0 0 and the partnership agreement states that profits and losses are to be split

If a partnership earned $100,000 and the partnership agreement states that
profits and losses are to be split evenly between partner A and partner B, the
closing entry would include
Group of answer choices
A credit to Partnership Capital Partner A for $100,000
A debit to Income Summary for $50,000
A credit to Partnership Capital Partner B for $50,000
A credit to Stockholder Contributions Partner A for $50,000

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