On April 1, 2022, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Comeau $309,900 cash Contribution Profit sharing Cash withdrawal March 20, 2023 $181,400 salary allowance 5% of original capital investments 40% of remaining Lavoi $212,000 land $144,900 building Required: 1. Prepare journal entries for the following dates. a. April 1, 2022 5% of original capital investments 60% of remaining $120,400 Net Income during the year was $616,000 and was in the Income Summary account. On April 1, 2023 Travis Roberts invested $127,000 and was admitted to the partnership for a 20% interest in equity.

On April 1, 2022, Guy Comeau and Amelie Lavol 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 $127,000 and was admitted to the partnership for a 20% interest in equity. Required: 1. Prepare journal entries for the following dates a. April 1, 2022