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Hello, I have the following revision question with no answers and I need the answers to match with my practice, explaining is better to be

Hello, I have the following revision question with no answers and I need the answers to match with my practice, explaining is better to be provided.

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40.3 Bull, Craig and Finch entered into a joint venture for dealing in strawberries. The transactions connected with this venture were: 2016 May 1 Bull rented land for two months for E600. 2 Craig supplied plants cost $510. 3 Bull employed labour for planting E260. 16 Craig charged motor expenses f49. 19 Bull employed labour for fertilising E180. 29 Bull paid the following expenses: Sundries f19, Labour f210, Fertiliser f74. June 11 Finch employed labour for lifting strawberries 1416. 24 Sale expenses paid by Finch E318. 26 Finch received cash from sale proceeds $2,916. Required: Show the joint venture accounts in the books of Bull, Craig and Finch. Also show in full the method of arriving at the profit on the venture which is to be apportioned: Bull four-sevenths; Craig two- sevenths; Finch one-seventh. Any outstanding balances between the parties are settled by cheque on 31 July

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