Partners J and Q receive an interest allowance of $10,000 and $15,000, respectively, and divide the remaining profits and losses in a 3:1 ratio. If the company sustained a net loss of $11,000 during the year, the entry to close the income or loss into their capital accounts is:

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The Answer of Partners J and Q receive an interest allowance of $10,000 and $15,000, respectively, and divide the remaining profits and losses in a 3:1 ratio. If the company sustained a net loss of $11,000 during the year, the entry to close the income or loss into their capital accounts is:

Partners J and Q Receive an Interest Allowance of $10,000