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right answer please On April 1, 2019, Guy Comeau and Amelie Lavoi formed a partnership in Ontario Contribution Profit sharing Comeau Lavoi $327,800 cash $190,000
right answer please
On April 1, 2019, Guy Comeau and Amelie Lavoi formed a partnership in Ontario Contribution Profit sharing Comeau Lavoi $327,800 cash $190,000 land $151,800 building $157,900 salary allowance 5% of original 5% of original capital investments capital investments 40% of remaining 60% of remaining $125,100 Cash withdrawal March 20, 2020 Net Income during the year was $610,400 and was in the Income Summary account On April 1, 2020 Travis Roberts invested $142,100 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 View transaction list Journal entry worksheetStep by Step Solution
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