some time. UNIJU Dr. Shikongo and Dr. 2016 Dr. Sauer decided abridged statement of financial position as at 30 June 2016 was: Sauer were in a partnership and traded together for to withdraw from the partnership to start her own practice. Their NS ASSETS N$ EQUITY & LIABILITIES 152 500.00 Capital Dr. Shkongo (20,000.00 Capital Dr. Sauer 65,000 00 lCurrent account Dr. Shikongo (25,000 00) Curnent account Dr. Sauer 27,800.00 Loan: Deutche Bank (3,500 00) Trade payable 42.300.00 238,900.00 76,200 00 65,20000 21,750 00 27,250 00 31,000.00 17,500 00 Property, Plant & Equipment (PPE) Accumulated depreciation PPE Vehicles Accumulated depreciation Vehicle Trade receivable Allawance for bad debts Cash 238,900.00 Transactions for July 2016 1. Trade receivable who owed NS 20,050.00 settled their accounts in full. 2. The trades payable were settled in full. 3. A vehicle was sold for N$ 19, 500.00 with a carrying value of N$ 25, 000.00. 4. A vehicle was sold for N$ 15,000.00 with a carrying value of N$ 6, 000.00. 5. The loan from Deutche Bank was repaid in full. 6. The equipment was disposed of for NS 50, 000.00 7. Land and building was sold by public auction for N$ 70, 000.00 You are required to Do the journal entries to record Dr. Sauers' withdrawal from the partnership. (12 Marks) Prepare the following accounts to show the liquidation and dissolution of Dr. Shikongo & Dr, Sauer Partnership: 1. 2. Realisation account. (6 Marks) a. b. lumnar form) in the general ledger. (8 Capital accounts of the partners (in a co Marks) Mention and discuss three factors that may lead to the dissolution of a partnership. (6 Marks) 3. Page 10 of 18 some time. UNIJU Dr. Shikongo and Dr. 2016 Dr. Sauer decided abridged statement of financial position as at 30 June 2016 was: Sauer were in a partnership and traded together for to withdraw from the partnership to start her own practice. Their NS ASSETS N$ EQUITY & LIABILITIES 152 500.00 Capital Dr. Shkongo (20,000.00 Capital Dr. Sauer 65,000 00 lCurrent account Dr. Shikongo (25,000 00) Curnent account Dr. Sauer 27,800.00 Loan: Deutche Bank (3,500 00) Trade payable 42.300.00 238,900.00 76,200 00 65,20000 21,750 00 27,250 00 31,000.00 17,500 00 Property, Plant & Equipment (PPE) Accumulated depreciation PPE Vehicles Accumulated depreciation Vehicle Trade receivable Allawance for bad debts Cash 238,900.00 Transactions for July 2016 1. Trade receivable who owed NS 20,050.00 settled their accounts in full. 2. The trades payable were settled in full. 3. A vehicle was sold for N$ 19, 500.00 with a carrying value of N$ 25, 000.00. 4. A vehicle was sold for N$ 15,000.00 with a carrying value of N$ 6, 000.00. 5. The loan from Deutche Bank was repaid in full. 6. The equipment was disposed of for NS 50, 000.00 7. Land and building was sold by public auction for N$ 70, 000.00 You are required to Do the journal entries to record Dr. Sauers' withdrawal from the partnership. (12 Marks) Prepare the following accounts to show the liquidation and dissolution of Dr. Shikongo & Dr, Sauer Partnership: 1. 2. Realisation account. (6 Marks) a. b. lumnar form) in the general ledger. (8 Capital accounts of the partners (in a co Marks) Mention and discuss three factors that may lead to the dissolution of a partnership. (6 Marks) 3. Page 10 of 18