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

Net Income during the year was $$599,200$ and was in the Income Summary account.

On April $1,2023$ Travis Roberts invested $$136,600$ and was admitted to the partnership for a $20\%$ interest in equity.

Required:

Prepare journal entries for the following dates.

a$.$ April $1,2022$

b$.$ March $20,2023$

c$.$ March $31,2023$

d$.$ April $1,2023$

Calculate the balance in each partner's capital account immediately after the April $1,2023,$ entry.On April $1,2022,$ Guy Comeau and Amelie Lavoi formed a partnership in Ontario.

Net Income during the year was $$599,200$ and was in the Income Summary account.

On April $1,2023$ Travis Roberts invested $$136,600$ and was admitted to the partnership for a $20\%$ interest in equity.

Required:

Prepare journal entries for the following dates.

a$.$ April $1,2022$

b$.$ March $20,2023$

c$.$ March $31,2023$

d$.$ April $1,2023$

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