Sarah, William ond Tomter independent website developers who had been trading an active opposition to one another for some years. They decide to form a partnership Www Web Developers, as from January 2018. The agreements of the following basic arrangemente Sarah to contribute 510 000 in cash computers valued at 518 000 with a bank loan of 5 000, and debtors of $2.000. Willam to contribute computers valued at 510 500 and to act as managing partner at a salary of 515 000 per year. Tom to contribute computers valued at $16750, and office furniture valued at $10 000 on Tom's accounting record. The fait value of the office furniture is $1.500 less than to record interest for the period is to be allowed partners at the rate of 6 p.a. on their anginal capital contributions but is not charged on drawings Residual profit or loses to be shared among Sarah William and Yom in the proportion of 2113 respectively Igor OST Required Prepare the journal entre necessary to open the records of the partner Marit Assuming in the first year that the partnership makes a profit of 505 000, prepore the journal entries to record the location of profit for the year ended 31 December 2019 Method 2.0 Sarah, William ond Tomter independent website developers who had been trading an active opposition to one another for some years. They decide to form a partnership Www Web Developers, as from January 2018. The agreements of the following basic arrangemente Sarah to contribute 510 000 in cash computers valued at 518 000 with a bank loan of 5 000, and debtors of $2.000. Willam to contribute computers valued at 510 500 and to act as managing partner at a salary of 515 000 per year. Tom to contribute computers valued at $16750, and office furniture valued at $10 000 on Tom's accounting record. The fait value of the office furniture is $1.500 less than to record interest for the period is to be allowed partners at the rate of 6 p.a. on their anginal capital contributions but is not charged on drawings Residual profit or loses to be shared among Sarah William and Yom in the proportion of 2113 respectively Igor OST Required Prepare the journal entre necessary to open the records of the partner Marit Assuming in the first year that the partnership makes a profit of 505 000, prepore the journal entries to record the location of profit for the year ended 31 December 2019 Method 2.0