Question: solve it with explainantions , with journal entry format ( Dr , Cr ) Question 2 Required: The journal entry to record the profit distributed

solve it with explainantions , with journal entry format ( Dr , Cr ) solve it with explainantions , with journal entry format ( Dr ,

Question 2 Required: The journal entry to record the profit distributed to Canton if the net income for the year $200,000. Partners Cantor and Dickens have capital balances in a partnership of 160,000 and 240,000, respectively. They agree to share profits and losses as follows

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