Henry, Sonia and Joan decided to dissolve their partnership on January 1, 2012. The balance sheet of the partnership as at December 31, 2011 was as follows:

Details/Accts	$	$	Details/Accts	$	$
Capital Accts:			Fixed Assets NBV:
Harry	42,000		Furn. & fittings		40,000
Sislyn	42,000		Motor vehicles		32,000
Jimmy	20,000	104,000			72,000
Current Accts:			Current Assets
Henry	11,500		Investments	42,000
Sonia	4,900		Debtors	74,000
Joan	5,000	21,400	Bank balance	6,000	122,000
Loan		30,000
Creditors		38,600
		194,000			194,000

The loan was repaid, interest having been paid up to December 31, 2011. The furniture and fittings were sold for $36,400 and Joan took over a motor vehicle (which had a net book value of $10,000) at an agreed valuation of $12,000. The other vehicles were sold for $26,900 after repairs had first been carried out on a faulty motor car by the Glen Lewis Motor Repairs at a cost of $900. Accounts receivable realised only $69,600. As a result of large discounts available, accounts payable were settled for $35,200. The investments realised $44,600. Dissolution expenses, excluding the motor car expenses, totaled $1,500. Henry, Sonia and Joan shared profits and losses in the ratio 2:2:1.

Required:

The partners. current accounts (2 marks)

The partners Capital Accounts (9 marks(

The Realisation Account (10 marks)

The cash/bank account (4 marks)