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siated with the equipment. The partners agreed to share profits as follows: Bow is to receive an annual salary $167,000, both are to receive an annual interest allowance of 10% of their original capital investments, and any fit or loss is to be shared 40/60 (to Bow and Adams, respectively). On November 20, 2023, Adams withdrew cash t year-end, May 31, 2024, the Income Summary account had a credit balance of $550,000. On June 1, 2024, Peter ted $137,000 and was admitted to the partnership for a 20% interest in equity. Imal entries for the following dates. 3