Partners R and S receive a salary allowance of $3,000 and $7,000, respectively, and share the remainder equally. If the company earned $4,000 during the period, the entry to close the income or loss into their capital accounts is:

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The Answer of Partners R and S receive a salary allowance of $3,000 and $7,000, respectively, and share the remainder equally. If the company earned $4,000 during the period, the entry to close the income or loss into their capital accounts is:

Partners R and S Receive a Salary Allowance of $3,000