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On April 1, 2019. Guy Comeau and Amelie Lavol formed a partnership in Ontario, Contribution Profit sharing CORRU Lavel $324,800 cash $190,000 and $133,900 building
On April 1, 2019. Guy Comeau and Amelie Lavol formed a partnership in Ontario, Contribution Profit sharing CORRU Lavel $324,800 cash $190,000 and $133,900 building $164,600 walary allowance 51 of original 5 of original capital Investments capitat investments 401 of remaining 600 of remaining $115,600 Cash withdrawal March 20, 2020 Net Income during the year was $588,000 and was in the Income Summary account On April 1, 2020 Travis Roberts invested $150,400 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 Record the formation of partnership Note Enter debits before credits Next
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