Business, 26.01.2020 03:31 lizzyyyvv

Mary and david are partners who share profits and losses on a 3: 1 basis. this means mary receives 75% and david receives 25% of income after any allocations. mary receives a salary allowance of $15,000. earnings for the period total $51,000. what will be the total amount credited to mary's capital account when the income summary account is closed?

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Mary and david are partners who share profits and losses on a 3: 1 basis. this means mary receives 7...

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