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On April 1, 2019. Guy Comeau and Amelle Lavol formed a partnership in Ontarlo. Contribution Profit sharing Comeau Lavo $315,900 cash $194,000 land $139,400 building

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On April 1, 2019. Guy Comeau and Amelle Lavol formed a partnership in Ontarlo. Contribution Profit sharing Comeau Lavo $315,900 cash $194,000 land $139,400 building $157,900 salary allowance 5% of original 5% of original capital investments capital investments 40% of remaining 604 of remaining $106,200 Cash withdrawal March 20, 2020 Net Income during the year was $543,200 and was in the Income Summary account On April 1, 2020 Travis Roberts invested $142,100 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 View journal entry worksheet No Data General Journal Debit Credit 1 April 01, 2019 Cash Land Building Guy Comeau, capital Amelie Lavoi, capital 315,900 194,000 139/400 315.000 333.400 b. March 20, 2020 View transaction list View journal entry worksheet Date General Journal Debit Credit No 1 Mar 20, 2020 100,200 Amelie Lavol, withdrawal Cush 105,200 c. March 31, 2020 Osbl Credit View transaction list View Journal entry worksheet NO Date General Journal 1 Mar 31, 2020 Incomo summary Guy Comeu, capital Amelie Lavol, capital 543.200 217,280 325920 d. April 1, 2020 View transaction list View journal entry worksheet No Coneral Journal Credit Date April 01, 2020 Dobil 142.100 1 Cash Guy Comeau, cap Amells Likvol, capital Travis Roberts, capital 101 440

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