On April 1, 2022, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Comeau $304,000 cash Lavoi $202,000 land $144,900 building Contribution Profit sharing Cash withdrawal March 20, 2023 $184,800 salary allowance View transaction list 5% of original capital investments 40% of remaining 5% of original capital investments 60% of remaining $129,800 Net Income during the year was $509,600 and was in the Income Summary account. On April 1, 2023 Travis Roberts invested $139,400 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

Required information Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. [The following information applies to the questions displayed below.] ** Ramer and Knox began a partnership by investing $68,000 and $102,000, respectively. During its first year, the partnership earned $205,000. Prepare calculations showing how the $205,000 income is allocated under each separate plan for sharing Income and loss. Important Notel Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. 1. The partners did not agree on a plan, and therefore share Income equally Ramer Knox Show Transcribed Text