plssssssssssss

Question 9 The following is the trial balance from the books of Song, Sung and Blue, sharing profits and losses equally. Trial Balance as at 30 June Accounts Receivable $84,000 Allowance for doubtful debts 1,130 Accounts Payable 69,330 Inventory 80,000 Fixtures and Fittings 14,400 Accumulated depreciation 1,440 Motor Vehicles 74,000 Accumulated depreciation 37,000 Bank 54,600 Profit and Loss (Net Profit) 67,100 Capital Song 60,000 Sung 50,000 Blue 40,000 Current Song 14,000 Sung 8,000 Blue 2,000 Drawing Song 20,000 Sung 15,000 Blue 8,000 350,000 Further matters requiring adjustments are: Song, Sung and Blue are to be credited with salaries of $15,000, $17,500 and $20,000 respectively. Interest is to be credited on fixed capitals at 5% p.a. Interest is to be charged on drawings at 10% p.a. The partners have each agreed to transfer $10,000 from their Current account to their Capital account. Required: Prepare the Profit and Loss Appropriation account. Prepare the partnership Balance Sheet as at 30 June 2018 Please answer Question 9 here