Blow question is part A. It has a trial balance for partners provided and needs the income statement, profit and loss appropriation and the balance sheet completed.

B D E G H K M N O Q R S T U V W W N - Trial Balance of Bennett & Barney as at 30 June 2019 Income Statement for Bennett & Barney for year ended 30 Profit & Loss Appropriation for Bennett & Barney for the year ended June 2019 30 June 2019 Balance Sheet of Bennett & Barney for year at 30 June 2019 Interest on Capital Net Profit from Profit & Loss Debit Credit Sales Current Assets $ 5 10,00,000 Interest on Drawings 6 Sales returns 10,000 Share of Profit 7 Selling expenses 1,50,000 8 Administration expenses 2,05,000 Non-Current Assets 9 Financial expenses 50,000 10 Purchases 3,20,000 Gross Profit 11 Cash at bank 77,000 12 Accounts receivable 22,000 Current - Bennett 13 Provision for Doubtful Debts 2,500 14 Inventories 42,000 Current Liabilities 15 Motor Vehicles 80,000 16 Furniture 42,000 Net Profit Non-Current Liabilities 17 Plant and Equipment 2,76,500 18 Accumulated Depreciation Plant 1,500 19 Accounts payable 56,000 Current - Barney Net Assets 20 Bank Loan 12,000 21 Capital - Bennett 75,000 Equity 22 Capital - Barney 1,12,500 23 Current - Bennett 25,000 24 Current - Barney 35,000 25 Drawings - Bennett 20,000 26 Drawings - Barney 25,000 27 Totals 13,19,500 13,19,500 28 29 Additional Information: 30 1. Closing inventories counted as $39,000 31 2. Interest on capital at 10% per annum 32 3. Interest on drawings at 12% per annum 33 4. Partners salaries owing $22000 each 34 5. Drawings for Bennett 01/9/18 $10,000 and 1/3/19 $10,000 35 6. Drawings for Barney 01/9/18 $10,000, 01/03/19 $8,000 and 01/06/19 $7,000 36 37 38 39