" A Question 5 (Marks: 30) Bailey and Bonga are partners, owning BB Boutique. At the end of the first financial year of trading, 30 September 2020, the following information is available. According to the partnership agreement: Each partner contributed R500 000 by EFT on 1 October 2019. On 1 April 2020, Bonga contributed a laptop that was a year old. It was agreed that it was worth R5 000 During the year, Bailey's cash drawings amounted to R120000 and Bonga's was R150 000. In addition, Bailey took inventory with a cost price of R60 000 for her personal use. Interest on capital must be calculated as follows: Bailey 12% Bonga 10% (interest on the laptop to be calculated from date of contribution) Both partners will earn a salary of R10 000 per month. There was no interest on drawings for the year. Profits are to be split between Balley and Bonga in the ratio 2:3. The profit for the year was R650 000 Required: Prepared the following general ledger accounts for the year ended 30 September 2020. Ignore the fol. Column (3) Q.5.1 Capital Account: Bonga You are not required to balance/close off this account. (8) Q.5.2 Interest on Capital Properly balance/close off this account. (13) Q.5.3 Appropriation Account Properly balance/close off this account. (6) Q.5.4 Current Account: Bailey You are not required to balance/close off this account