1:38 @ 0005 .... 5 KB/S Today 12:53 AM ves and fittings at cost eory at 1 January 2020 er cent, loples 9 E 13,800 3,600 32.316 180.400 Chapter 12 P Sage and Onion are trading in partnership, sharing profits and lowes squally w wing of the year, Interest is charged on drawings at 5% per annum. The partne um is allowed or charged on both the capital account and the cwirem aucoup salaries of Sage 12,000; Onion (8,000. Sage Onion Get Accounts Sage Onion Sage and Onion Trial Balance as at 31 December 2020 onawings for the year: Sage Onion old premises at cost 2 $ $ 100.000 50,000 2,000 600 15,000 10,000 50,000 75,000 ste and purchase returns 15,000 380,000 12.000 11,000 Ank 7,382 7,009 vesand sales returns 50,000 Qriage inwards As receivable and accounts payable 6,000 52.400 31301 21,500 20,000 age outwards 1.000 42,000 8700 2,500 313.407 of expenses wance for doubtful debts 2,000 5,000 eng 1000 Dots received 1,200 Put allowed debts 1400 2,800 cost e and business rates 3,000 Aulated depreciation of fixtures and fittings at 1.1.2020 220,000 320,000 sership 31 December 2020: Inventory was valued at 68,000. Arthase invoices amounting to 3,000 for goods included in the inventory valuation at Go above had not been recorded Staff salaries owing 900. Business rates paid in advance 200. Allowance for doubtful debts to be increased to 2,400 Goods withdrawn by partners for private use had not been recorded and were valued at Sage 1500, Onion 630. No interest is to be charged on these amounts N interest on drawings for the year is to be charged: Sage 360, Onion 1280 Movision is to be made for depreciation of fixtures and fittings at 10% on cost egend hes the information given below, prepare the partnership income statement and prefit and la pation account for the year ending 31 December 2020, and the balance sheet an ar that dete 3 Send Favorite Edit Delete More