Ollier and Avon enter a joint venture, to share profits or losses equally, resulting from dealings in second-hand cars. Both parties take an active part in the business, each recording his own transactions. They have no joint banking account or separate set of books.

20X9 Jan 1 Ollier buys three cars for £900.

'’ 31. Ollier pays for repairs and respraying of vehicles £60.

Mar 1. Avon pays garage rental £20 and advertising expenses £10.

Apr 12 Avon pays for licence and insurance renewal of vehicles £36.

Aug 10 Avon buys a vehicle in excellent condition for £100.

"31 Ollier sells the four vehicles, to various clients, the sales being completed on this date, totalling £1,600.

Show the relevant accounts in the books of both partners.