Part a
Appropraition Account
$
$
Net Profit
Add:
375,000
Interest on Drawings
David
10,000 x 5%
William
12,000 x 5%
Rose
15,000 x 5%
500
600
750
1850
Less:
Interest on Cpiatl
David
William
Rose
25,000 x 8%
22,000 x 8%
16,000 x 8%
2,000
1,760
1,280
5,040
Less:
Salaries
David
William
Rose
15,000
13,000
16,000
44,000
327,810
Profit to be shared
Profit sahre
David
William
Rose
327,810 x 3/10
327,810 x 5/10
327,810 x 2/10
98,343
163,905
65,562
327,810
PARTNER'S CAPITAL ACCOUNT
David
William Rose
Total
$
$
$
$
Intresrets on drawings
500
600
750
1850 Opening capital
Drawings
c/d
10,000
12,000
129,843 188,065
15,000
37,000 Interest on Capital
83,092 401,000 Salaries
Profit Share
140343
200665
98842
439850
David
Willima
$
$
25,000 22,000
2,000
1,760
15,000
13,000
98,343 163,905
140,343 200,665
b/d
129,843 188,065
Rose
Total
$
$
16,000 63,000
1,280
5,040
16,000
44,000
65,562 327,810
98,842 439,850
83,092