Use the information provided below to prepare the following for the financial year ended 28 February 2023: 3.1 Statement of Net Investment of Partners 3.2 Current a/c: Stan in the general ledger. Note: The partner's drawings must be transferred to his current account. Balance the account. INFORMATION Extract from the ledger of Stanger Traders on 28 February 2023 Capital: Stan Capital: Gerald Current a/c: Stan (01 March 2022) Current a/c: Gerald (01 March 2022) Drawings: Stan Drawings: Gerald R (c) 20 000 300 000 200 000 (12 marks) (8 marks) R 600 000 400 000 30 000 The following must be considered: (a) On 28 February 2023 the Statement of Comprehensive Income reflected a net profit of R600 000. The partners are entitled to interest at 12% p.a. on their capital balances. Note: Stan increased (b) his capital contribution by R100 000 on 01 June 2022 whilst Gerald decreased his capital balance by R100 000 on 31 August 2022. This capital changes have been recorded The partners are entitled to the following monthly salaries: Stan R10 000 Gerald R8 000 The partners' salaries were increased by 10% with effect from 01 December 2022 (d) Stan is entitled to a bonus equal to 10% of the net profit before any of the above appropriations have been considered (e) The remaining profit/shortfall must be shared between Stan and Gerald in the ratio 3:2 respectively.

Use the information provided below to prepare the following for the financial year ended 28 February 2023: 3.1 Statement of Net Investment of Partners (12 marks) 3.2 Current a/c: Stan in the general ledger. Note: The parther's drawings must be transferred to his current account. Balance the account. (8 marks) INFORMATION Extract from the ledger of Stanger Traders on 28 February 2023 The following must be considered: (a) On 28 February 2023 the Statement of Comprehensive Income reflected a net profit of R600 000 (b) The partners are entitled to interest at 12% p a on their capital balances. Note: Stan increased his capital contribution by R100 000 on 01 June 2022 whilst Gerald decreased his capital balance by R 100000 on 31 August 2022 . This capital changes have been recorded. (c) The partners are entitled to the following monthly salaries: Stan R10000 Gerald R8 000 The partners' salanes were increased by 10% with effect from 01 December 2022 (d) Stan is entitled to a bonus equal to 10% of the net profit before any of the above appropriations have been considered. (e) The remaining profitshortiall must be shared between Stan and Gerald in the ratio 3.2 respectively