The Entry to Record the Equal Distribution of Net Income

question 79

Multiple Choice

The entry to record the equal distribution of net income between two partners consists of

• A)a debit to Income Summary and a credit to each partner's drawing account.
• B)a debit to each partner's capital account and a credit to Cash.
• C)a debit to Income Summary and a credit to each partner's capital account.
• D)a debit to each partner's capital account and a credit to Income Summary.

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Definitions:

Egyptian Tomb

A burial site built by ancient Egyptians to honor and house the dead, often elaborately decorated with art and hieroglyphics.

Kouros

Greek, “young man.” An Archaic Greek statue of a young man.

Nude Figure

An artistic representation focusing on the figure of a human without clothing, often used to explore human form, emotion, or the concept of natural beauty.

Kore

A type of ancient Greek sculpture representing a young woman, characterized by a standing figure clothed in long draped garments.