Mathematics, 21.07.2019 02:30, mia2286

What is the closing entry to allocate a net income of $48,000 to sara, ellen, and mary? respective capital balances are $30,000, $40,000, and $30,000. no agreement was made for division of income.

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What is the closing entry to allocate a net income of $48,000 to sara, ellen, and mary? respective...