On June 2020. JU Bow and Aisha Adams formed a partnership to open a gluten-free commercial bakery, contributing $281.000 cath and $362.000 of equipment, respectively. The partnership also assumed responsibility for a $41000 note payable associated with the equipment. The partners agreed to share profits as follows Bow is to receive an annual salary slowance of 5151,000, both are to receive an annual interest allowance of 5% of their original capital investments, and any remaining profit or loss is to be shared 40/60 (to Bow and Adams, respectively). On November 20, 2020. Adams withdrew cash of S101000, At year-end. May 31, 2021. the income Summary account had a credit balance of $390,000. On June 1, 2021. Peter Wim nvested 5121000 and was admitted to the partnership for o 20% interest in equity Required: 1. Prepare journal entries for the following dates .. June 122020