Theressa and Hilary are in partnership, sharing profits and losses in the ratio 3:2. On 1 May 20x6, they agree to sell their business to “Save the Planet” Ltd. The partnership SFP was as follows:

Requie:
In the books of the partnership, show the entries necessary, in the following accounts, to close the business:
1. Realisation account.
2. Bank account.
3. Partners’ capital accounts.
4. The opening SFP of the new company as of 1 May 20x6.