Which the journal entry to record the division of net income

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Problem 1: Which the journal entry to record the division of net income to partners includes

A). A debit to Cash and a credit to the partners' capital accounts

B). A credit to Income Summary and a debit to the partners' capital accounts

C). A debit to Income Summary and a credit to the partners' capital accounts

D). A credit to Cash and a debit to the partners' capital accounts

Reference no: EM132723986

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