Stan and Ben are in partnership,sharing profits and losses in the ratio of their capital account balances at the begining of the financial year.

On 30 June 2019 ,Stan deposited an additional R150 000 into the partnerships bank account. The introduction of Stan's capital has been correctly recorded.

the following is an extract of relevant account from the trial balance at financial year end 31 December 2019:

Capital -Stan R 450 000

Capital - Ben R 300 000

Current account - Stan at 1 January 2019 - credit balance R 37 500

Current account - Ben at 1 January 2019 - debit balance R 12 000

Drawings - Stan R 48 450

Drawings - Ben R 32 250

Profit for the year R 937 500

Turnover/sales for the year R 800 000

Additional Information

The partnership agreement provided for the following:

Interest on capital to be allowed at 10%per year

Interest to be provided at 12% per year on current account balance at the beginning of the year

Interest on drawings to be charged at 12% per year on daily balance.This was calculated as follows :Stan R3 825 ; and Ben : R2 775

Salaries to be allowed as follows: Stan R22 500 per month and Ben R15 000per month.

Stan to be allowed a commission equal to 5% of turnover for the year

Ben is to be allowed a bonus equal to 7.5% of the net profit after allowing for interest on capital.

The remaining profits are to be shared in the ratio of the partners capital accounts at the beginning of the year.

Required

Prepare the following ledger accounts for the year ended 31 December 2019.

4.1 Appropriation account

4.2 Current account - Ben