The three partners of Joy Trading, namely Johan, Oscar and Yong agreed to share profits and losses of the partnership in a ratio of 4:3:1. Due to various disagreements amongst the partners, they decided to dissolve the partnership on 31 March 2022. The balance sheet of the partnership as at 31 March 2022 is as follows:

Balance Sheet as at 31 March 2022

Non-Current Assets:

plant and macheniney : 165 000

motor vichles : 110 000

Furniture and fitting 25 000

300 000

Current Assets

Inventories 115 000

Debtors 185 000

bank 18 000

318 000

Current Liability

Creditors (57 600) 260 000

560 400

Capital

Johan 340 000

Oscar 290 000

Yang (69 600)

560 000

The following terms and conditions were agreed upon among the partners:

1. Yong was unable to pay up the amount due to the partnership. Johan and Oscar agreed to absorb Yongs debts.
2. Oscar took over all the debtors at RM165,000.
3. Oscar agreed to take over the plant and machinery at book value to start up his own business.
4. Johan took over some assets at the following values:

RM

Motor vehicle 85,000

Inventories 100,000

5. Johan was required to settle the creditors for RM54,000.
6. Dissolution expenses of RM2,500 were paid.

You are required to prepare the following ledger accounts in T-format as at 31 March 2022 for the dissolution:

1. Realisation account.
2. Partners capital accounts.
3. Bank account.