On 1 January 2017, Nathem and Hani entered into partnership contributing $110,000 and $80,000 respectively and sharing profits in the ratio of 2:1 Hani is allowed a salary of $10,000 per year. Interest on capital is allowed at 10% per annum. Nathem is entitled to receive a commission of $12,000 During the year, Hani withdrew $10,000 and Nathem $14,500; interest on the same being 12% per annum. Profit in 2016, before the above mentioned adjustments, was $80,000 Prepare the Profit and Loss Appropriation Account and the Partners' Capital Account. Profit and Loss Appropriation Account Particulars Amount Particulars Amount Nathem's Capital Account Date Particulars JF Amount Date Particulars JF Amount Hani's Capital Account Particulars JF Amount Date JF Amount