Question 1 (20 Marks) The partnership agreement of Madi-Maxi Traders provided for the following: Balances on 1 March 20.19: Transactions during the year, not included in profit: 1. Madi will be full-time employed and will receive a monthly salary of R 12000 . 2. Interest on drawings to be charged at 15% per annum. 3. Interest on capital will be paid at 12% per annum. 4. Interest on current accounts will be charged at 7% per annum. 5. The partners will share profits in the ratio of capital contributed. 6. On 1 July 20.18, Madi withdrew R 10000 in cash. On 1 December 20.18, Madi withdrew goods at a cost of R5000, this was drawings against expected profits. 7. Madi drew R 6000 of his salary at the end of each month. REQUIRED: Record the journal entries for Madi-Maxi Traders for the year ended 29 February 20.20 . (20 marks)