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

Net Income during the year was $$560,000$ and was in the Income Summa,

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

Required:

Prepare journal entries for the following dates.

a$.$ April $1,2022$

Journal entry worksheet

$1$

Record the withdrawal by partner.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit,$],[$Mar $20,2023,$Amelie Lavoi, withdrawals,$129,800,,],[,$Cash,,,$129,800],[,,,,],[,,,,],[,,,,],[,,,,]]$

Net Income during the year was $$560,000$ and was in the Incorite Summary account.

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

Required:

Prepare journal entries for the following dates.

a$.$ April $1,2022$

View transaction list

View journal entry worksheet

Record the formation if partnership

B$.$March $20,2023$ recird the withdrawal by partner

C$.$ March $31,2023$

Record the closing profit to capital

D$.$ April $1,2023$

Recird the admission if Wilems for $20\%$ interest

$2.$ Calculate the balance in each partners capital account immediately after the april $1,2023$ entry

Cameau captital

Lavoi capital

Roberts capital