The partnership of Bher and Dhillips reports net income of $119300. The partners share equally in income and losses. The entry to record the partners' share of net income will include a O debit to Dhillips, Capital for $59650. O credit to Bher, Capital for $59650. O credit to Income Summary for $119300. O credit to Dhillips, Drawing for $59650.

The partnership of Bher and Dhillips reports net income of $119300. The partners share equally in income and losses. The entry to record the partners' share of net income will include a O debit to Dhillips, Capital for $59650. O credit to Bher, Capital for $59650. O credit to Income Summary for $119300. O credit to Dhillips, Drawing for $59650.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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