Menzies, Whitlam and Gough share profits and losses in the ratios 5:3:2 respectively. Their trial balance as at 30 September 20X9 was as follows:

Draw up a set of final accounts for the year ended 30 September 20X9.
relevant at 30 September 20X9:
(i) Stock 30 September 20X9, £51,060.
(ii) Rates in advance £120; Stock of postage stamps £190.
(iii) Increase provision for bad debts to £870.
(iv) Salaries: Whitlam £1,200; Gough £700. Not yet recorded.
(v) Interest on Drawings: Menzies £170; Whitlam £110; Gough £120.
(vi) Interest on Capitals at 10 per cent.
(vii) Depreciate Vans £2,500, Office equipment £1,680.

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Sales Returns inwards Purchases Carriage inwards Stock 30 September 20X8 Discounts allowed Salaries and wages Dr JE 6,800 137,190 1,500 42,850 Cr 210,500 110 Bad debts Provision for bad debts 30.9.20X8 18,296 1,234 800 General expenses Rent and rates 945 2,565 Postages 2,450 Motor expenses 3,940 Vans at cost 12,500 Office equipment at cost 8,400 Provisions for depreciation at 30.9.20X8: Vans 4,200 Office equipment 2,700 Creditors 24,356 Debtors 37,178 Cash at bank 666 Drawings: Menzies Whitlam 12,610 8,417 Gough 6,216 Current accounts: Menzies Whitlam 1,390 153 Gough 2,074 Capital accounts: Menzies 30,000 Whitlam 16,000 Gough 12,000 304,020 304,020