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On April 1, 2019, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Contribution Profit sharing Comeau Lavoi $309,900 cash $186 , land $142,100

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On April 1, 2019, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Contribution Profit sharing Comeau Lavoi $309,900 cash $186 , land $142,100 building $159,600 salary allowance 5% of original 5% of original capital investments capital investments 48% of remaining 60% of remaining $120,400 Cash withdrawal March 20, 2020 Net Income during the year was $616,000 and was in the Income Summary account. On April 1, 2020 Travis Roberts invested $144,900 and was admitted to the partnership for a 20% interest in equity Required: 1. Prepare journal entries for the following dates, a. April 1, 2019 View transaction list Journal entry worksheet

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