Bari and Nada are in partnership. Their financial year ends on 31 December. Their partnership agreement provides for residual profits to be shared in proportion to capital invested The balances on their accounts on 1 January 2018 were: Bari Nada Capital account 150000 100000 Current account 950 credit 150 debit During the year ended 31 December 2018 the partners made the following drawings: Bari Nada $ $ 11000 13000 The following is an extract from the draft appropriation account for the year ended 31 December 2018 Bari and Nada Draft Appropriation Account for the year ended 31 December 2018 35590 660 780 1440 37030 Profit for the year Interest on drawings Bari Nada Interest on capital Bari Nada Partner's salary Bari Profit available for distribution 7500 5000 12500 20000 32500 4530 The following additional information is available at 31 December 2018 Premises at 1 January 2018 Premises purchased on 1 July 2018 Other non-current assets Trade payables Trade receivables Other payables Other receivables Provision for doubtful debts Bank Loan (repayable 2025) 120000 100000 92650 17250 25500 800 910 510 21890 debit 80000 5. Rania is a trader. She maintains a full set of accounting records. Her financial year ends on 30 April. Rania's transactions for the year ended 30 April 2016 included the following. 2015 May 12 Paid cash for stationery $95 June 16 Received commission by cheque $1680 July 9 Paid A1 Stationers, by cheque, the balance due on 1 May Sept 10 Received commission by cheque $1710 Nov 30 Purchased stationery on credit from A1 Stationers $217 Dec 6 Returned damaged stationery to A1 Stationers $53 On 30 April 2016 Inventory of stationery $196 Commission receivable outstanding $1590 a) Enter the transactions in the following accounts in the ledger of Rania for the year ended 30 April 2016. Make the transfers to the income statement. Balance the accounts and bring down the balances on 1 May 2016. (14) (b) Name the ledger in which the commission receivable account would appear. (1) Quality Education School Page 5 of 6 (c) Name the section of the statement of financial position on 30 April 2016 in which the balance on the commission receivable account would appear. Give a reason for your answer. (2)