Greg and Sheniz are in a partnership trading as Sugar Rush, a new, up-and-coming pastry shop. They share profits and losses in the ratio of 5:3 respectively. The following information was obtained for the financial year ending 31 August 2023: The partnership agreement stipulates the following: Interest on capital must be calculated at 7% per annum on the opening balances of the Capital Accounts. The partnership must create separate drawings and current accounts for each partnership. Interest on current accounts must be calculated at 17.5% per annum on the opening balances of the current accounts. At the end of the financial year, the Drawings accounts must be closed off against the applicable current accounts. Additional Information