Self-test Dun and Swail are equal partners. The partnership agreement provides for annual salaries of Dun, £24,000 and Swail, £23,000. It also provides for interest on capital of 7 per cent per annum and interest on drawings of 3 per cent per annum.

The following information relates to the accounting year ending 30 June 2010:

Dun Swail Capital at 1 July 2009 120,000 80,000 Current account at 1 July 2009 23,850 11,490 Drawings – 1 October 2009 6,000 4,000

– 1 March 2010 7,000 3,000 Capital introduced – 1 November 2009 24,000

– 1 February 2010 36,000 The net profit shown in the profit and loss account for the year ended 30 June 2010 was £97,400.

You are required to prepare the profit and loss appropriation account, capital and current accounts at 30 June 2010.