2 Partnership.pdf - Adobe Acrobat Reader DC (32-bit) File Edit View Sign Window Help Home Tools H I Question 2 Partner... x 1 / 2 66.7% Type here to search QUESTION 2 H [20] The following balances/ totals amongst others appeared in the books of BB Stores (with partners B. Bold and B. Beauty) on December 2022 the end of the financial year: Capital Account: B. Bold R160 000 Capital Account: B. Beauty 90000 Current Account: B. Bold (1 January 2022) 5540 Current Account: B. Beauty (1 January 2022) 6330 Drawings: B. Bold 63 800 Drawings: B. Beauty Salaries: B. Bold Salaries: B. Beauty Profit and loss (Net income) 58 000 50 400 38 500 197 850 0 Player 0 C 0 Q Sign In 14C ^ N 1:19 AM 8/25/2022 B Question 2 Partner... x 2 / 2 66.7% Question 2 Partnership.pdf - Adobe Acrobat Reader DC (32-bit) File Edit View Sign Window Help Home Tools H I H C cred station ADDITIONAL INFORMATION (a) No entries were made for the following transactions: Partner B. Beauty registered his personal van worth R30 000 in the name of the business on 1 July 2022 and requested that this be regarded as additional capital A salary cheque of R3 500 for December 2022 issued to B. Beauty was erroneously charged to the drawings account of B. Bold. The partners were entitled to the following salaries B. Bold B. Beauty R 4 500 per month R 3 500 per month However B. Bolds salary was increased by R 4 500 per year from 1 October 2022. The salaries must be treated as an operating expense. (b) The partnership agreement makes provision for the following Interest on capital and current accounts must be provided at 15% per annum Interest on drawings must be provided at 10% per annum calculated for 6 months. The balance of the profit/ loss must be shared between Bold and Beauty in the ratio 3:2. Type here to search REQUIRED: 2.1 Current account: B. Bold 2.2 Current account: B Beauty 2.3 Statement of changes in owner's equity for the year ended 31 December 2022. T W Player 1321 0 Sign In Q 0 14C ^ 0 N 1:21 AM 8/25/2022