Problem 11.6A Partnership entries, profit allocation, admission of a partner LO2, 3, 4 On June 1, 2023. Jill Bow and Aisha Adamis formed a parthership to open a gluten-free commercial bakery, contributing $287,000 cash and $374,000 of equipment, respectively. The parthership also assumed responsiblity for a $47,000 note payable associated with the equipment. The partners agreed to share profits as follows Bow is to recelve an annual salary ailowance of $157,000, both are to recelve an annual hiterest allowance of 5% of their original coptal investments, and any remaining profit or loss is to be shared 40/60 tho Bow and Adams, respectively. On November 20, 2023, Adams withdrew cash of $107,000. At year-end. May 31,2024 , the Income Surmary account thad a credit balance of $450,000. On June 1. 2024. Peter Wiliams invested $127,000 and was admitted to the partinership tor a 208 s interest in equity. Required: 1. Prepare journal entines for the following dotes. a. Jatue 1,2023 Journal entry worksheet