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Business, 03.12.2019 19:31 lordcaos066

Ries, bax, and thomas invested $80,000, $112,000, and $128,000, respectively, in a partnership. during its first calendar year, the firm earned $249,000. required: prepare the entry to close the firm’s income summary account as of its december 31 year-end and to allocate the $249,000 net income under each of the following separate assumptions:

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Ries, bax, and thomas invested $80,000, $112,000, and $128,000, respectively, in a partnership. duri...

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