41.4 Draw up a profit and loss appropriation account for the year ended 31 March 20X8 and bal- ance sheet extracts at that date, from the following: (i) Net profits 111,100. (ii) Interest to be charged on capitals: Blair 3,000; Short 2,000; Steel 1,500. (iii) Interest to be charged on drawings: Blair 400; Short 300; Steel 200. (iv) Salaries to be credited: Short 20,000; Steel 25,000. (v) Profits to be shared: Blair 70%; Short 20%; Steel 10%. (vi) Current accounts: balances b/d Blair 18,600; Short 3 9,460; Steel 8,200. (vii) Capital accounts: balances b/d Blair 100,000; Short 50,000; Howe 25,000. (viii) Drawings: Blair 39,000; Short 27,100; Steel 16,800. 41.5A Draw up a profit and loss appropriation account for Cole, Knox and Lamb for the year ended 31 December 20X5, and a balance sheet extract at that date, from the following: i) Net profits 184,800. i) Interest to be charged on capitals: Cole 3,600; Knox 2,700; Lamb 2,100. ii) Interest to be charged on drawings: Cole 1,200; Knox 960; Lamb 500. v) Salaries to be credited: Knox 22,000; Lamb 28,000. Profits to be shared: Cole 55%; Knox 25%; Lamb 20%. i) Current accounts: Cole 18,000; Knox 8,000; Lamb 6,000. i) Capital accounts: Cole 60,000; Knox 45,000; Lamb 35,000. ii) Drawings: Cole 27,000; Knox 23,000; Lamb 17,000. .6A Popress 41.4 Draw up a profit and loss appropriation account for the year ended 31 March 20X8 and bal- ance sheet extracts at that date, from the following: (i) Net profits 111,100. (ii) Interest to be charged on capitals: Blair 3,000; Short 2,000; Steel 1,500. (iii) Interest to be charged on drawings: Blair 400; Short 300; Steel 200. (iv) Salaries to be credited: Short 20,000; Steel 25,000. (v) Profits to be shared: Blair 70%; Short 20%; Steel 10%. (vi) Current accounts: balances b/d Blair 18,600; Short 3 9,460; Steel 8,200. (vii) Capital accounts: balances b/d Blair 100,000; Short 50,000; Howe 25,000. (viii) Drawings: Blair 39,000; Short 27,100; Steel 16,800. 41.5A Draw up a profit and loss appropriation account for Cole, Knox and Lamb for the year ended 31 December 20X5, and a balance sheet extract at that date, from the following: i) Net profits 184,800. i) Interest to be charged on capitals: Cole 3,600; Knox 2,700; Lamb 2,100. ii) Interest to be charged on drawings: Cole 1,200; Knox 960; Lamb 500. v) Salaries to be credited: Knox 22,000; Lamb 28,000. Profits to be shared: Cole 55%; Knox 25%; Lamb 20%. i) Current accounts: Cole 18,000; Knox 8,000; Lamb 6,000. i) Capital accounts: Cole 60,000; Knox 45,000; Lamb 35,000. ii) Drawings: Cole 27,000; Knox 23,000; Lamb 17,000. .6A Popress