QUESTION 3 REQUIRED Study the information given below and prepare the following accounts in the general ledger. Balance or close off the accounts. 3.1 Appropriation account 3.2 Current account: Sam INFORMATION Extract from the ledger of Samsen Traders as at 28 February 2023 Capital: Sam Capital: Sen Current a/c: Sam (01 March 2022) Current a/c: Sen (01 March 2022) Drawings: Sam Drawings: Sen (c) Debit (R) (e) (f) (20 Marks) 60 000 500 000 600 000 (12 marks) (8 marks) Credit (R) The following must be considered: (a) On 28 February 2023 the statement of comprehensive income reflected a net profit of R1 500 000. (b) The partnership agreement provides for interest on capital at 12% p.a. on the balances on the capital accounts from 01 March 2022 to 31 August 2022 The interest rate effective from 01 September 2022 is 15% p.a. 1 000 000 800 000 80 000 The partners are entitled to the following monthly salaries: Sam R20 000 Sen R28 000 Sam is entitled to a special bonus of 20% of his annual salary. The balance of the profit/loss must be shared equally between Sam and Sen. The drawings account of each partner must be transferred to their respective current accounts. ENG A c) D 08:41 7023/06/28

RECURREO dose eor the acacurts 3.1 Approprision acoount 3.2 Curtert acoourt \$sss INFOgMATION The following must be cons deredt 01 Scoleribet 2002 is 15 s p a. Sam Rao 600 Sen H2b owe REQUIRED Study the information given below and prepare the following accounts in the general ledper. Beunce or dose off the accounts 3.1 Apgropriation accounl 32 Curet pecourt Ssm INFORMATION (12 imuks) (timarns) The following must be considered: (a) On28. Feoruary 2023 the statement of corscrebensive income reflected a net proft of 21 sto 000 . acsounts from 01 March 2022 to 31 f cagast 2022. The interest rabe eftective from 01 September 2002 is 15%p a (c) The partnes ave emtited to the following monthly satafes Sam R20000 Sen R2g 000 (d) Sam is entited to a specil bonus of 20% of his annuel salary (6) The bstance of the profitloss must be shared equally between sam and ben. (i) The drawings acoount of each parthar must be tranthecred so their iespectime cuatrent accourts