Journal entry worksheet Record the closing of profit to capital. Hote: Enter debits before credits. d. June 1.2024 d. June 1,2024 Journal entry worksheet Record the admission of Williams for a 20% interest. Notei Enter debits belore creffits. Journal entry worksheet Noter Enter debits before credits. c. May 31, 2024 Journal entry worksheet Record the admission of Williams for a 20% interest. Note: Enter debits before credits. - Calculate the balance in each partner's capital account immediately after the June 1, 2024, entry. On June 1, 2023, Jill Bow and Aisha Adams formed a partnership to open a gluten-free commercial bakery, contributing $293,000 cash and $386,000 of equipment, respectively. The partnership also assumed responsibilty for a $53,000 note payable associated with the equipment. The partners agreed to share profits as follows. Bow is to receive an annuai salary allowance of $163.000, both are to receive an annual interest allowance of 5% of their original capital investments, and any remaining profit or loss is to be shared 40/60 (to Bow and Adams, respectively) On November 20, 2023, Adams withdrew cash of $113,000. At year-end, May 31, 2024, the income Summary account had a credit balance of $510,000. On June 1,2024, Peter Williams invested $133,000 and was admitted to the partnership for a 20% interest in equity. Required: 1. Prepare journal entries for the following dates. a. June 1,2023 Journal entry worksheet