On April $1,2022,$ Guy Comeau and Amelie Lavoi formed a partnership in Ontario.

Comeau Lavoi

Contribution $$286,100$ cash $$214,000$ land

$$146,300$ building

Profit sharing $$159,600$ salary allowance

$5\%$ of original capital investments $5\%$ of original capital investments

$40\%$ of remaining $60\%$ of remaining

Cash withdrawal March $20,2023$ $$126,300$

Net Income during the year was $$593,600$ and was in the Income Summary account.

On April $1,2023$ Travis Roberts invested $$146,300$ and was admitted to the partnership for a $20\%$ interest in equity.

Required:

$1.$ Prepare journal entries for the following dates.

a$.$ April $1,2022$

record the formation $of$ partnershipr

b$.$ March $20,2022$

record the withdrawal $by$ partner

$c.$ March $31,2023$

record the closing $of$ the profit $to$ capital

$d.$ April $1,2023$

record the admission $of$ Wilem for $a20\%$ interest.

$2.$ Calcualte the balance $in$ each partner's capital account immediately after the April $1,2023$ entry