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On April 1, 2020. Harry Regal and Meghan Merle formed a partnership in Alberta, renting reusable moving boxes Contribution Kegat Mette $117.000 land $50,000 bading
On April 1, 2020. Harry Regal and Meghan Merle formed a partnership in Alberta, renting reusable moving boxes Contribution Kegat Mette $117.000 land $50,000 bading Pesha $107.000 salary allowance at arisin) Capital Rent 11+ u original capital investments 563.000 Net Income during the year was $177000 and was in the income Summary account. The partners agreed to share profit by allowing salary allowance interest on their initial investments, and sharing the balance equally Required: 1. Present general journal entries to record the capital investments of the partners, the cash withdrawals, and the December 31 closing of the income Summary and withdrawals accounts
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