{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T08:46:19-04:00", "answer_date": "2024-05-29 08:46:19", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1882733", "url": "\/study-help\/questions\/for-the-year-ended-31-december-23x5-draft-a-profit-1882733", "question_creation_date_js": "2024-05-29T08:46:19-04:00", "question_creation_date": "May 29, 2024 08:46 AM", "meta_title": "[Solved] For the year ended 31 December 23X5, draf | SolutionInn", "meta_description": "Answer of - For the year ended 31 December 23X5, draft a profit and loss appropriation account for Martinez, Hall, and Adams and b | SolutionInn", "meta_keywords": "year,ended,31,december,23x5,draft,profit,loss,appropriation,account,martinez,hall", "question_title_h1": "For the year ended 31 December 23X5, draft a profit and loss appropriation account for Martinez, Hall, and Adams and balance sheet extracts: Martinez Hall", "question_title": "For the year ended 31 December 23X5, draft a profit and loss", "question_title_for_js_snippet": "For the year ended 31 December 23X5, draft a profit and loss appropriation account for Martinez, Hall, and Adams and balance sheet extracts Martinez Hall Adams Net profits 49,200 Interest to be charged on capitals 3,100 2,200 Interest to be charged on drawings 320 270 Salaries to be credited 3,900 Profits to be shared 50 30 Current accounts 2,600 1,500 Capital accounts 60,000 30,000 Drawings 13,500 9,400", "question_description": "

For the year ended 31 December 23X5, draft a profit and loss appropriation account for Martinez, Hall, and Adams and balance sheet extracts:<\/p>

Martinez<\/strong><\/p><\/td>

Hall<\/strong><\/p><\/td>

Adams<\/strong><\/p><\/td><\/tr><\/thead>

Net profits<\/p><\/td>

\u00a349,200<\/p><\/td>


<\/td><\/tr>

Interest to be charged on capitals<\/p><\/td>

\u00a33,100<\/p><\/td>

\u00a32,200<\/p><\/td><\/tr>

Interest to be charged on drawings<\/p><\/td>

\u00a3320<\/p><\/td>

\u00a3270<\/p><\/td><\/tr>

Salaries to be credited<\/p><\/td>


<\/td>

\u00a33,900<\/p><\/td><\/tr>

Profits to be shared<\/p><\/td>

50%<\/p><\/td>

30%<\/p><\/td><\/tr>

Current accounts<\/p><\/td>

\u00a32,600<\/p><\/td>

\u00a31,500<\/p><\/td><\/tr>

Capital accounts<\/p><\/td>

\u00a360,000<\/p><\/td>

\u00a330,000<\/p><\/td><\/tr>

Drawings<\/p><\/td>

\u00a313,500<\/p><\/td>

\u00a39,400<\/p><\/td><\/tr><\/tbody><\/table>", "transcribed_text": "", "related_book": { "title": "Frank Woods Business Accounting Volume 1", "isbn": "9780273681496", "edition": "10th Edition", "authors": "Frank Wood, Alan Sangster", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/630f5c93f4135_13609.jpg", "uri": "\/textbooks\/frank-woods-business-accounting-volume-1-10th-edition-9780273681496", "see_more_uri": "\/textbooks\/business-business-finance-3348" }, "free_related_book": { "isbn": "B084QLP545", "uri": "\/textbooks\/how-to-trade-options-the-most-used-beginners-strategies-for-trading-options-to-make-money-online-learning-the-differences-between-trading-options-on-stock-forex-and-commodities-1st-edition-979-8612341031-254895", "name": "How To Trade Options The Most Used Beginners Strategies For Trading Options To Make Money Online Learning The Differences Between Trading Options On Stock Forex And Commodities", "edition": "1st Edition" }, "question_posted": "2024-05-29 08:46:19", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/tom-jones-the-mechanic-at-golden-muffler-shop-is-able-433032", "description": "Tom Jones, the mechanic at Golden Muffler Shop, is able to install new mufflers at an average rate of 4 per hour (or about 1 every 15 minute), according to a negative exponential distribution....", "stars": 3 }, { "url": "\/1-income-taxes-are-currently-due-on-intercompany-profits-when", "description": "1. 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