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Saved Help Save & Exit Submit On April 1, 2019, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Contribution Profit sharing Comeau Lavoi

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Saved Help Save & Exit Submit On April 1, 2019, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Contribution Profit sharing Comeau Lavoi $298,000 cash $194,000 land $144,900 building $178, 100 salary allowance 5% of original 5% of original capital investments capital investment 48% of remaining 60% of remaining $123,900 24 Cash withdrawal March 20, 2020 Net Income during the year was $576,800 and was in the Income Summary account. On April 1, 2020 Travis Roberts invested $136,600 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 worksheet Record the formation of partnership. Note: Enter debits before credits Debit Credit General Journal Date April 01, 2019 b. March 20, 2020 View transaction list Journal entry worksheet

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