Partners a and b receive a salary of $30,000 and $60,000, respectively, and share income and losses in a 2:1 ratio, respectively

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Partners a and b receive a salary of $30,000 and $60,000, respectively, and share income and losses in a 2:1 ratio, respectively

. if the partnership suffers a $30,000 net loss in 20x5, the entry to close the income or loss into their capital accounts is:

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1 answer:

fomenos · Answer 1 · 2022-01-14T19:54:24+03:00

<span>Answer:
Partners a and b receive a salary of $30,000 and $60,000, respectively, and share income and losses in a 2:1 ratio, respectively. if the partnership suffers a $30,000 net loss in 20x5, the entry to close the income or loss into their capital accounts is:</span>