On June 1, 2023. Jill Bow and Aisha Adams formed a partnership to open a gluten-free commerclal bakery, contributing $291,000 cash and $382.000 of equipment, respectively. The parthership also assumed responsibility for a $51,000 note payable associated with the equipment. The parthers agreed to share profits as follows: Bow is to recelve an annual salary allowance of $161,000, both are to recelve an annual interest allowance of 5% of their original capital investments, and any remaining profit or los5 is to be shared 40/60 (to Bow and Adams, respectively). On November 20, 2023, Adams withdrew cash of $111,000. At year end, May 31, 2024, the income Summary account had a credit balance of $490,000. On June 1, 2024. Peter Williams invested $131,000 and was admitted to the parthership for a 20% interest in equity. Required: 1. Prepare journal entries for the following dates. b. Novermber 20, 2023 2 d. June 1.2024 2. Calculate the balance in each partner's capital account immediately after the June 1,2024 , entry