Problem 11-6A Partnership entries, profit allocation, admission of a partner LO2, 3, 4 On June 1, 2023, Jill Bow and Aisha Adams formed a partnership to open a gluten-free commercial bakery, contributing $300,000 cash and $400,000 of equipment, respectively. The partnership also assumed responsibility for a $60,000 note payable assoclated with the equipment. The parthers agreed to share profits as follows. Bow is to recelve an annual salary allowance of $170,000, both are to recelve 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, 2023, Adams withdrew cash of $120,000. At year-end, May 31, 2024, the Income Summary account had a credit balance of $580.000. On June 1, 2024, Peter Willams invested $140,000 and was admitted to the parthership for a 20 s interest in equity. Required: 1. Prepare journal entries for the following dates: o. June 1, 2023 Journal entry worksheet