Q.5.2 Open, post to and balance the appropriation account in the general ledger of RZA Fame Partnership Traders for the year ended 31 July 2022. Question 6 Marks: 20 BTS CC was registered on 1 August 2010. The founding statement of the Close Corporation (CC) sets out the following: The nature of the business - an entertainment promoter Names of the members and their interests and contributions made on 1 August 2010: The following balances, amongst others, appeared in the CC's books at the end of the current financial year, 31 July 2019: Members' contributions R1 000000 Retained Earnings (1 August 2018) R160 000 With regard to the financial year ending 31 July 2019 , the following information was available: 1. On 1 January 2019, llest Bonjr bought 10% of Ayra Stark's interest in the CC and paid R10 000 in cash. 2. According to the association agreement, each member is entitled to received a salary of R25 000 per month, while a member. 3. On 31 July 2019 the CC recorded a profit of R334000. This profit is after accounting for members interest like remuneration. 4. The income tax for the year is calculated at R177 000 . The members are entitled to a distribution of profit of R25 000 each irrespective of how long they have been a member. Q.6.1 In your answer booklet and calculate the members percentage of owenership before and after the new member - llest Bonr Purchase 10% of Ayra Stark's ownership (10) Q.6.2 Open, post to and balance the Appropriation Account for the year ended 31 July 2019. 25. The following information relates to the partnership of Asa Rocky and Ri Fendy, who run retail business, RZA Fame Partnership. The following balances, amongst others, appeared in business' books at the end of the current financial year, 31 July 2022: The partnership agreement stipulates the following: 1. Interest on capital is calculated at 15% per annum. 2. Interest on current account is calculated at 10% per annum. However, if the current account has a debit balance, the interest charged will be at 20% per annum. 3. Each partner is entitled to a monthly salary of R15 000 . 4. The partners share the remaining profits and losses based on capital contributed. 5. Interest is charged at 10% on drawings. On 1 August 2022, Riot Bush will join the partnership and will deposit R550 000 in the new partnership's current banking account and will receive 50% interest in the profits. Rocky and Fendi will now share profits according to their capital contribution. Required: Q.5.1 Complete the table in your answer booklet and calculate the necessary year-end appropriations of the partnership