On April 1, 2022. Guy Comeau and Amelie Lavol formed a partnership in Ontario Comeau $315,900...

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On April 1, 2022. Guy Comeau and Amelie Lavol formed a partnership in Ontario Comeau $315,900 cash Contribution Profit sharing Cash withdrawal March 20, 2023 $157,988 salary allowance 5% of original capital investments 48% of remaining Lavoi $194,099 land $139,489 building Required: 1. Prepare journal entries for the following dates a. April 1, 2022 5% of original capital investments 68% of remaining $196,280 Net Income during the year was $543,200 and was in the Income Summary account. On April 1, 2023 Travis Roberts invested $142,100 and was admitted to the partnership for a 20% interest in equity b. March 20, 2023 c. March 31, 2023 d. April 1, 2023 2. Calculate the balance in each partner's capital account immediately after the April 1, 2023, entry Comeau, capital Lavoi, capital Roberts, capital On April 1, 2022. Guy Comeau and Amelie Lavol formed a partnership in Ontario Comeau $315,900 cash Contribution Profit sharing Cash withdrawal March 20, 2023 $157,988 salary allowance 5% of original capital investments 48% of remaining Lavoi $194,099 land $139,489 building Required: 1. Prepare journal entries for the following dates a. April 1, 2022 5% of original capital investments 68% of remaining $196,280 Net Income during the year was $543,200 and was in the Income Summary account. On April 1, 2023 Travis Roberts invested $142,100 and was admitted to the partnership for a 20% interest in equity b. March 20, 2023 c. March 31, 2023 d. April 1, 2023 2. Calculate the balance in each partner's capital account immediately after the April 1, 2023, entry Comeau, capital Lavoi, capital Roberts, capital On April 1, 2022. Guy Comeau and Amelie Lavol formed a partnership in Ontario Comeau $315,900 cash Contribution Profit sharing Cash withdrawal March 20, 2023 $157,988 salary allowance 5% of original capital investments 48% of remaining Lavoi $194,099 land $139,489 building Required: 1. Prepare journal entries for the following dates a. April 1, 2022 5% of original capital investments 68% of remaining $196,280 Net Income during the year was $543,200 and was in the Income Summary account. On April 1, 2023 Travis Roberts invested $142,100 and was admitted to the partnership for a 20% interest in equity b. March 20, 2023 c. March 31, 2023 d. April 1, 2023 2. Calculate the balance in each partner's capital account immediately after the April 1, 2023, entry Comeau, capital Lavoi, capital Roberts, capital On April 1, 2022. Guy Comeau and Amelie Lavol formed a partnership in Ontario Comeau $315,900 cash Contribution Profit sharing Cash withdrawal March 20, 2023 $157,988 salary allowance 5% of original capital investments 48% of remaining Lavoi $194,099 land $139,489 building Required: 1. Prepare journal entries for the following dates a. April 1, 2022 5% of original capital investments 68% of remaining $196,280 Net Income during the year was $543,200 and was in the Income Summary account. On April 1, 2023 Travis Roberts invested $142,100 and was admitted to the partnership for a 20% interest in equity b. March 20, 2023 c. March 31, 2023 d. April 1, 2023 2. Calculate the balance in each partner's capital account immediately after the April 1, 2023, entry Comeau, capital Lavoi, capital Roberts, capital On April 1, 2022. Guy Comeau and Amelie Lavol formed a partnership in Ontario Comeau $315,900 cash Contribution Profit sharing Cash withdrawal March 20, 2023 $157,988 salary allowance 5% of original capital investments 48% of remaining Lavoi $194,099 land $139,489 building Required: 1. Prepare journal entries for the following dates a. April 1, 2022 5% of original capital investments 68% of remaining $196,280 Net Income during the year was $543,200 and was in the Income Summary account. On April 1, 2023 Travis Roberts invested $142,100 and was admitted to the partnership for a 20% interest in equity b. March 20, 2023 c. March 31, 2023 d. April 1, 2023 2. Calculate the balance in each partner's capital account immediately after the April 1, 2023, entry Comeau, capital Lavoi, capital Roberts, capital On April 1, 2022. Guy Comeau and Amelie Lavol formed a partnership in Ontario Comeau $315,900 cash Contribution Profit sharing Cash withdrawal March 20, 2023 $157,988 salary allowance 5% of original capital investments 48% of remaining Lavoi $194,099 land $139,489 building Required: 1. Prepare journal entries for the following dates a. April 1, 2022 5% of original capital investments 68% of remaining $196,280 Net Income during the year was $543,200 and was in the Income Summary account. On April 1, 2023 Travis Roberts invested $142,100 and was admitted to the partnership for a 20% interest in equity b. March 20, 2023 c. March 31, 2023 d. April 1, 2023 2. Calculate the balance in each partner's capital account immediately after the April 1, 2023, entry Comeau, capital Lavoi, capital Roberts, capital

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