Ali had a $50,000 capital balance for eight months and a $65,000 balance for four months. Barry had a $38,000 capital balance for five months and a $50,000 balance for seven months. If the net income of the year is $80,000, the entry to show the distribution of income to each partner is:

Question

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The Answer of Ali had a $50,000 capital balance for eight months and a $65,000 balance for four months. Barry had a $38,000 capital balance for five months and a $50,000 balance for seven months. If the net income of the year is $80,000, the entry to show the distribution of income to each partner is:

Ali Had a $50,000 Capital Balance for Eight Months and a $65,000