Record the admission for a 20% interest.

I already posted this question the the answer was wrong

On April 1, 2019, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Contribution Profit sharing Comeau Lavoi $295,000 cash $182,000 land $138,000 building $178, 100 salary allowance 5% of original 5% of original capital investments capital investments 40% of remaining 60% of remaining $123,900 Cash withdrawal March 20, 2020 Net Income during the year was $604,800 and was in the Income Summary account. On April 1, 2020 Travis Roberts invested $147,700 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 Answer is complete and correct. Credit No 1 Date April 01, 2019 General Journal Cash Land Building Guy Comeau, capital Amelie Lavoi, capital Debit 295,000 182,000 138,000 295,000 320,000 b. March 20, 2020 Answer is complete and correct. No Credit Date Mar 20, 2020 General Journal Amelie Lavoi, withdrawals Debit 123,900 Cash 123,900 F. March 31, 2020 Answer is complete and correct. Credit No 1 Date Mar 31, 2020 Debit 604,800 General Journal Income summary Guy Comeau, capital Amelie Lavoi, capital 351,230 253,570 1. April 1, 2020 Answer is complete but not entirely correct. General Journal Credit No 1 Date April 01, 2020 Cash Debit 147,700 2,904 1,936 % Amelie Lavoi, capital Guy Comeau, capital Travis Roberts, capital 174,440 X angeleyes answered this 11,723 answers Robert invested 147700 Existing capital ( 295000 + 320000 ) = New partner investment Total capital * Interest in equity New partner's capital balance 615000 147700 762700 20% 152540 Answer Cash Comeau capital ( 58 % * 4840 ) lavoi capital ( 42% * 4840 ) Travis roberts capital 147700 2807 2033 152540 Working notes 351230/604800 = 58% 253570/604800 = 42% Taken from march 31, 2020 entry 152540 - 147700 = 4840 On April 1, 2019, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Contribution Profit sharing Comeau Lavoi $295,000 cash $182,000 land $138,000 building $178, 100 salary allowance 5% of original 5% of original capital investments capital investments 40% of remaining 60% of remaining $123,900 Cash withdrawal March 20, 2020 Net Income during the year was $604,800 and was in the Income Summary account. On April 1, 2020 Travis Roberts invested $147,700 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 Answer is complete and correct. Credit No 1 Date April 01, 2019 General Journal Cash Land Building Guy Comeau, capital Amelie Lavoi, capital Debit 295,000 182,000 138,000 295,000 320,000 b. March 20, 2020 Answer is complete and correct. No Credit Date Mar 20, 2020 General Journal Amelie Lavoi, withdrawals Debit 123,900 Cash 123,900 F. March 31, 2020 Answer is complete and correct. Credit No 1 Date Mar 31, 2020 Debit 604,800 General Journal Income summary Guy Comeau, capital Amelie Lavoi, capital 351,230 253,570 1. April 1, 2020 Answer is complete but not entirely correct. General Journal Credit No 1 Date April 01, 2020 Cash Debit 147,700 2,904 1,936 % Amelie Lavoi, capital Guy Comeau, capital Travis Roberts, capital 174,440 X angeleyes answered this 11,723 answers Robert invested 147700 Existing capital ( 295000 + 320000 ) = New partner investment Total capital * Interest in equity New partner's capital balance 615000 147700 762700 20% 152540 Answer Cash Comeau capital ( 58 % * 4840 ) lavoi capital ( 42% * 4840 ) Travis roberts capital 147700 2807 2033 152540 Working notes 351230/604800 = 58% 253570/604800 = 42% Taken from march 31, 2020 entry 152540 - 147700 = 4840