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On April 1, 2022, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Net Income during the year was $616,000 and was in the
On April 1, 2022, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Net Income during the year was $616,000 and was in the Income Summary account. On April 1, 2023 Travis Roberts invested $144,900 and was admitted to the partnership for a 20% interest in equ Required: 1. Prepare journal entries for the following dates. a. April 1, 2022 Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Note: Enter debits before credits. - Calculate the balance in each partner's capital account immediately after the April 1, 2023, entry
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