Question 36 Not yet answered Marked out of 5.00 Flag question Ghassan, Hamed and Rashed are partners in a firm sharing profits in the ratio of 7:4:9. Their capital accounts are OMR 20,000, OMR 7,500 and OMR 35,000 respectively. Their partnership deed provided the following: 1. Interest on capital @ 9% per annum. 2. Salary of OMR 600 per month to Hamed During the year ended December 31, 2020, the firm earned OMR 17,000. Interest on Ghassan's drawings was OMR 75, Hamed's drawings OMR 45 and Rashed's drawing OMR 125. Answer the following questions. How much is the interest on capital paid to Hamed? How much is the share of Hamed in the profit of the partnership after the distribution of interest on capital, salaries and interest on drawings? How much is the total interest on capital paid by the partnership? The entry to record Rashed's Interest on Drawing includes; The entry to transfer salary of Hamed to Profit and Loss Appropriation account includes