Balance sheet and some accounts

The followings are the balance of accounts for J&Vas at 30 June 2016 Account name Sales Invento Purchases Rent Salaries Depreciation Plant, Property and Equipment Accumulated depreciation Cash Debtors Long term liabili Creditors Capital, Capital, v Additional information: Ending inventory RM20,000 Balance RM120,000 RM10,000 RM80,000 RM6,000 RM12,000 RM2,000 RM20,000 RM2,000 RM15,000 RM5,000 RM10,000 RM8,000 RM20,000 RM30,000 1. Assuming no partnership agreement, prepare profit and loss account. profit and loss account appropriation current account. capital account balance sheet abstract for owners' equity. iv 2. Assuming, profit sharing ratio based on capital, prepare profit and loss account. profit and oss account appropriation current account. capital account. balance sheet abstract for owners' equity iv