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Sam and Sally are partners in Sam & Sally Enterprises. The following information is from the trial balance of the business at 3 0 June

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Sam and Sally are partners in Sam & Sally Enterprises. The following information is from the trial balance of the business at 30 June 2024
\table[[\table[[Sam and Sally Enterprises],[Trial Balance (Extract) as at 30 June 2024]],],[Account,Debit $,Credit $],[Advance to Sally (due 30 November 2028),20,000,],[Loan from Sam (due 31 March 2031),,50,000],[Capital - Sally,,200,000],[Capital - Sam,,100,000],[Current - Sally,,17,500],[Current Sam,40,000,],[Drawings - Sally,20,000,],[Drawings - Sam,,120,800],[Profit and Laso (prior to parther entries),,]]
The following matters have yet to be accounted for:
The partners are entitled to salaries of $20000 each, this is a business expense not part of partnership distribution.
Interest to be charged on drawings at the rate of 15% per annum
Interest to be charged on advance to Sally at the rate of 10% per annum
Interest to be credited to Sam for the loan at the rate of 10% per annum
Interest to be allowed on fixed capitals at the rate of 10% per annum
Sam and Sally share profits and losses in the ratio of 1:3
Required:
a. Profit and Loss and Profit and Loss Appropriation accounts below at the end of the year 30 June 2024
b. Current accounts for the parterers.
c. Extracts of the Balance Sheet as at 30 June 2024 to show the above items
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