On April 1 , 2 0 2 2 , Guy Comeau and Amelie Lavoi formed a partnership
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Question:
On April Guy Comeau and Amelie Lavoi formed a partnership in Ontario.
Comeau Lavoi
Contribution $ cash $ land
$ building
Profit sharing $ salary allowance
of original capital investments of original capital investments
of remaining of remaining
Cash withdrawal March $
Net Income during the year was $ and was in the Income Summary account.
On April Travis Roberts invested $ and was admitted to the partnership for a interest in equity.
Required:
Prepare journal entries for the following dates.
a April
b March
c March
d April
Calculate the balance in each partners capital account immediately after the April entry.
Related Book For
Intermediate Algebra
ISBN: 9780134895987
13th Edition
Authors: Margaret Lial, John Hornsby, Terry McGinnis
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