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Journalize the allocation of net income

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Reference no: EM132503666

Question - SDT Co. reports net income of $55,000. Partner salary allowances are Sweet $15,000, Drinian $5,000, and Tavros $5,000.

Instructions -

a. Schedule showing the distribution of net income.

b. Journalize the allocation of net income.

Reference no: EM132503666

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