Current Attempt in Progress Wildhorse Company reported net income of $81,800. The partnership agreement provides...
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Current Attempt in Progress Wildhorse Company reported net income of $81,800. The partnership agreement provides for salaries of $21.400 to Miley and 515.800 to Guthrie. They divide the remainder 40% to Miley and 60% to Guthrie. (1) Calculate division of vet income Miley Guthrie Division of income $ Question Part Score (82) Prepare the closing entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually Account Titles and Explanation Debit Credit Textbook and Me Attempt of used Question Part Score
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