On June $1,2023,$ Jill Bow and Aisha Adams formed a partnership to open a gluten$-$free commercial bakery, contributing $$297,000$ cash and $$394,000$ of equipment, respectively. The partnership also assumed responsibility for a $$57,000$ note payable associated with the equipment. The partners agreed to share profits as follows: Bow is to receive an annual salary allowance of $$167,000,$ both are to receive an annual interest allowance of $10\%$ of their original capital investments, and any remaining profit or loss is to be shared $40/60($to Bow and Adams, respectively$).$ On November $20,2023,$ Adams withdrew cash of $$117,000.$ At year$-$end, May $31,2024,$ the Income Summary account had a credit balance of $$550,000.$ On June $1,2024,$ Peter Williams invested $$137,000$ and was admitted to the partnership for a $20\%$ interest in equity.Required:

$1.$ Prepare journal entries for the following dates.a$.$June $1,2023$

b$.$November $20,2023$

c$.$May $31,2024$

d$.$June $1,2024$

$2.$ Calculate the balance in each partners capital account immediately after the June $1,2024,$ entry.Bow, capitalAisha adams, capitalWilliams, capital