NEED ITS ACCURATE SOLUTION. ONLY THEN I WILL UPVOTE IT.

From the given real-life scenario apply the basic concepts of partnership and prepare the required documents for a partnership organisation. Scenario On 1January 2014, Susan and Mary and Rose entered into partnership contributing $200,000 and $120,000 and 60.000 respectively and sharing profits in the ratio of 3:2:1. Susan is to be allowed a salary of $18.000 per year. Interest on capital is to be allowed at 8% per annum. Mary and Rose are entitled to receive a commission of $24,000 each. During the year, Susan withdrew $16,000 and Mary $26,000; interest on the same being 10%. Rose is to be allowed a salary of $18,000 per year Profit in 2014 before the above-mentioned adjustments was $100,000 Required: - You are required to prepare the Profit and Loss Appropriation Account and the partner's capital Accounts and also calculate the rate of return of both partners. If the average rate of return for investment in the market is 10% advise them. Particulars Amount Particulars Amount Date Particulars JF Amount Date Particulars JF Amount