317/2021 Second Term Assessment Grade 120 Accounting 27 0.3. 7 points Selena and Micha enter into a joint venture. They both supply materials and sell the finished products. Profits are to be shared Selena two-thirds and Micha one-third. Material supplied Selena 3400 Micha 2900 Wages paid Selena 800 Micha 1150 Micha paid warehouse costs 315 Micha paid delivery costs 199 Other selling expenses paid Selena 238 Micha 307 Cash received from sales Selena Micha 5220 Required: Prepare the entries related to joint venture in the books of account of: a Selena b. Micha c. Memorandum of joint venture account. Files submitted 6780 httpdocs.google.com/forms/d/14Bd5al6XnOr-WeHx5gfors FcHedpYIPETmedit