Prepare the December 3 1 journal entry ti close income summary assuming they agree to use plan ( c ) and that net income is $ 4 7 1 , 0 0 0 Mo , Lu , and Barb withdraw $ 3 6 , 4 0 0 , $ 5 0 , 4 0 0 , and $ 6 6 , 4 0 0 , respectively, at year end Also close the withdrawals accounts ( Record the entr...

To close the income summary and withdrawal accounts assuming the partners agree to use Plan C and th ...

Prepare the December 3 1 journal entry ti close income summary assuming they agree to use plan

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Question:

Prepare the December

31

journal entry ti close income summary assuming they agree to use plan

(

)

and that net income is $

471, 000 .

,

,

and Barb withdraw $

36, 400,

50, 400,

and $

66, 400,

respectively, at year

-

end. Also close the withdrawals accounts.

(

Record the entry to close the income summary account asuming the partners agree to use plan c and net income is $

471, 000 .

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Introduction To Computer Theory

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2nd Edition

Authors: Daniel I. A. Cohen

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Posted Date: May 11, 2024 01:55 AM

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Prepare the December 3 1 journal entry ti close income summary assuming they agree to use plan

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Introduction To Computer Theory

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