Problem 11-5A Partnership entries, profit allocation, admission of a partner CLO2, 93, 94 CHECK FIGURES: C. Cr. Comeau: $ 326,980; Cr. Lavoi: $ 233,020; d. Dr. Lavoi: $ 63,120 On April 1, 2019, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Comeau Lavoi Contribution $ 298,000 cash $ 200,000 land $ 138,000 building Profit sharing $ 168,000 salary allowance 5% of original capital investments 5% of original capital investments 40% of remaining 60% of remaining Cash withdrawal March 20, 2020 $ 118,000 Net Income during the year was $ 560,000 and was the Income Summary accou On April 1, 2020 Travis Roberts invested $ 138,000 and was admitted to the partnership for a 20% interest in equity. Required 1. Prepare journal entries for the following dates: a. April 1, 2019 b. March 20, 2020 c. March 31, 2020 d. April 1, 2020