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there are 5 question please answer everyone Os 1. On Jan 1st 2021 A, B and C started a partnership business with the following invensternents

image text in transcribedthere are 5 question please answer everyone
Os 1. On Jan 1st 2021 A, B and C started a partnership business with the following invensternents : A= $ 10,000 B- $ 5000 C = $ 10000 C also invetsed a laptop worth $ 1000. Joumalise the above transactions. Qs 2. On Feb 1st 2021 D entered into the partnership business by purchasing Interest of 50 % from C and pays C 12000$ for such admission Journalise this situation Os 3. Following were the income and expenses of the firm: Sales 1000008 10,000$ Expenses Salary 2000$ 5000$ Depreciation on machinary 2000$ Salary given to A, B and C is 2000$ each and no slary to D. Int on capital @ 10% on closing capital figures. Prepare the income statement and show distribution of profits to the partners and pass the final journal entry to close the income statement, Os 4. On 31st Decemeber 2021 partners drawing were following A-10005, B 1000$, C-10005, D 1000$ Pass journal entry of the above. 1 COGS Rent Os 5. Prepare a balance sheet with the following items. Assets Land 10000$ Building 200005 Cash 10000$ AR 1000$ Machinary 5000$ ( before depreciation) laptop 1000S Equipment $26500

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