Question 6 Meagan and Jenny are in partnership, sharing profits equally. Provinion exist in the partonbop agreement for charging interest on capital at the rate of 10% p.a. and interest on drwys 12% p.a. Capital and Drawings account balances are as follows. Meagan, Capital Jenny, Capital Meagan, Drawings Jenny, Drawings 96 000 10B 000 25 000 32 000 Profit before allowing for interest was $160 000. All drawings were made in expectation of profits e 6,1 Prepare journal entries to account for interest on capital and on drawings, and any necessary closing entries using method - variable capital balances and method 2 - fixed capital balances. 20 marks) HEB i A. X, X 2 = = 66 Prepare parte intereson code varias capacitats and method H.BA X X Unanswered 6.2 Show how the partners' equity accounts would appear in the balance sheet of the partnership at the end of the year. (10 marks HEB i A. X, X 125 E 66