On April 1, 2022, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Comeau $321,800 cash Contribution Profit sharing Cash withdrawal March 20, 2023 $161,300 salary allowance 5% of original capital investments 40% of remaining Lavoi $220,000 land $140,800 building Required: 1. Prepare journal entries for the following dates. a. April 1, 2022 5% of original capital investments 60% of remaining $122,700 Net Income during the year was $616,000 and was in the Income Summary account. On April 1, 2023 Travis Roberts invested $131,100 and was admitted to the partnership for a 20% interest in equity.

Journal entry worksheet Record the admission of Travis Roberts for a 20% interest. Note: Enter debits before credits. Journal entry worksheet Record the admission of Travis Roberts for a 20% interest. Note: Enter debits before credits