The two queens of Lockdown Kingdom Queen Corona and Queen Coud come together to form a business. The Lockdown Enterprise to better the economistance of the kingdom In this business, they agreed to share profits and losses in the ratio of their opent capitals Credit (GHG 2500 12,375220 13,000 Trial Balance as at 31 March, 2020 Particulars Debit (GHC) Land & Premises 2.000.000 Furniture 120,000 Tovestory 1 04/19 80.000 Import duty on good 4.000 Wages of contract workers 46.000 5stanes & wares of staff 64.000 Carruage for goods purchased 5.200 Carruage for gods sold 12400 Discounts 24 000 Purchases & Sales 905200 11 200 Commission 15.000 Bills receivable 108,000 12 Investment (1/10/19) 136 000 Donation to National Pandma Fund 12 000 100 Bank Loan Factory rent 64.000 Receivables and Payables 920.000 Bank Bad debiti 66,000 Provision for doubt debt Ranes and Taxes 31.200 Brokerage 13.000 Capital Accounts Queen Corona Queen Cow Current Accounts Queen Corona 20.000 240.000 728000 20 000 500.000 500.000 12B000 64100 Additional Information Due to the economic recession at the moment, the partners estimated theme of their receivables may not be able to settle their debts Hence they wrote off additional debes at GH15.000 and agreed to maintain provisions for doubtful debes at 5 They agreed to provide for discount on receivables at All property, plant and equipment are to be depreciated at 10% The business claimed inance of GHE21.000 for goods that were lost doe to fire. The Instance claim, though sted, had not be paid as the year end Queen Coron took goods unting to GR.17.400 for personale vi Goods worth GH 24000 bought on 24/04/19 o credit were not recorded in the books Outstanding series were GHE 52.000 wees wages of H24,600 were paid in The parented to charge interest on capital and drawings at Bills receivable of Gr 12.600 was dashed The very cool the year and revealed goods worth H0 000 The balance on Queen's current is determined The two queens of Lockdown Kingdom Queen Corona and Queen Coud come together to form a business. The Lockdown Enterprise to better the economistance of the kingdom In this business, they agreed to share profits and losses in the ratio of their opent capitals Credit (GHG 2500 12,375220 13,000 Trial Balance as at 31 March, 2020 Particulars Debit (GHC) Land & Premises 2.000.000 Furniture 120,000 Tovestory 1 04/19 80.000 Import duty on good 4.000 Wages of contract workers 46.000 5stanes & wares of staff 64.000 Carruage for goods purchased 5.200 Carruage for gods sold 12400 Discounts 24 000 Purchases & Sales 905200 11 200 Commission 15.000 Bills receivable 108,000 12 Investment (1/10/19) 136 000 Donation to National Pandma Fund 12 000 100 Bank Loan Factory rent 64.000 Receivables and Payables 920.000 Bank Bad debiti 66,000 Provision for doubt debt Ranes and Taxes 31.200 Brokerage 13.000 Capital Accounts Queen Corona Queen Cow Current Accounts Queen Corona 20.000 240.000 728000 20 000 500.000 500.000 12B000 64100 Additional Information Due to the economic recession at the moment, the partners estimated theme of their receivables may not be able to settle their debts Hence they wrote off additional debes at GH15.000 and agreed to maintain provisions for doubtful debes at 5 They agreed to provide for discount on receivables at All property, plant and equipment are to be depreciated at 10% The business claimed inance of GHE21.000 for goods that were lost doe to fire. The Instance claim, though sted, had not be paid as the year end Queen Coron took goods unting to GR.17.400 for personale vi Goods worth GH 24000 bought on 24/04/19 o credit were not recorded in the books Outstanding series were GHE 52.000 wees wages of H24,600 were paid in The parented to charge interest on capital and drawings at Bills receivable of Gr 12.600 was dashed The very cool the year and revealed goods worth H0 000 The balance on Queen's current is determined