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7) X, Y and Z are partners in a firm sharing profits and losses in the ratio of 2:2:1. On 30" June, 2003, their Balance Sheet was as follows: Liabilities Amount Assets Amount Capital Accounts: Plant and Machinery 40,000 X 30,000 Sundry Debtors 16,000 Y 25,000 Less : provision 1.000 15,000 Z 15,000 70,000 Cash at Bank 7,000 Sundry Creditors 11,000 Stock 15,000 Mrs. Z's Loan 6,000 Patents 5,000 General Reserve 4,000 Leasehold Premises 9,000 91,000 91,000 It was decided to dissolve the firm on the above date. X agreeing to take over the business (except cash) at the following valuations: Rs. Plant and Machinery 35,000 Patents 8,000 Stock 14,000 Sundry Debtors 14,500 (Net) Leasehold premises 20,000 Goodwill 10,000 Mrs. Z's Loan was to be repaid and the creditors were taken by X at a value of Rs. 10,500. The dissolution expenses came to Rs. 100. Give necessary ledger accounts to close the books of the firm