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help please asap The following information was extracted from the books of Maria and Ben for the year ended 31 December 2020: DR CR 60,000
help please asap
The following information was extracted from the books of Maria and Ben for the year ended 31 December 2020: DR CR 60,000 120,000 33,520 Capital: Maria Capital: Ben Current Account: Maria Current Account: Ben Drawings: Maria Drawings: Ben Loan 15,560 15,600 23,000 200,000 Additional information: o The shares of profit calculated for Maria and Ben were $56,796 and $113,592 respectively. o Both partners receive a salary of $800 per month for the entire year. o The partnership allows for interest on capital at 4%, while interest is charged on drawings at a rate of 8%. Calculate the balance in current account of Ben at the end of the year. Select one: a. $110,592 b. $ 118,712 c. $87,592 d. $85,468
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