The entry to record te equal distribution of net income

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Reference no: EM13393012

The entry to record the equal distribution of net income between two partners consists of a debit to:

A. Income Summary and a credit to each partner's capital account.

B. Each partner's capital account and a credit to Cash

C. Income Summary and a credit to each partner's drawing account.

D. Each partner's capital account and a credit to Income Summary.

Reference no: EM13393012

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