Prepare the necessary journal entries to allocate net loss

Reference no: EM132765620

Question: Prepare the necessary journal entries to allocate the net loss to the partners' capital accounts and to close the partners' drawing accounts. You may assume that the partnership's revenues and expenses have already been closed into the "Income Summary" account. The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132765620

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