At the close of business the following statistics are gathered from the books:
| C's Capital a/c | Cr. | ————— | $9,000.00 |
| D's Capital a/c | Cr. | 7,000.00 | |
| E's Capital a/c | Cr. | 4,000.00 | |
| Purchases | Dr. | 15,000.00 | |
| Sales | Cr. | 12,000.00 | |
| Expense | Dr. | 160.00 | |
| Rent | Dr. | 150.00 | |
| Salaries | Dr. | 700.00 | |
| Bank | Dr. | 7,250.00 | |
| Bills Receivable | Dr. | 6,000.00 | |
| Accounts Receivable | Dr. | 7,220.00 | |
| Bills Payable | Cr. | 3,000.00 | |
| Accounts Payable | Cr. | 2,820.00 | |
| C's personal a/c | Dr. | Nov. 15 | $300.00 |
| D's personal a/c | Dr. | Dec. 1 | 200.00 |
| E's personal a/c | Dr. | Nov. 20 | 100.00 |
| Inventory | Dec. 31 | 7,000.00 |
Make trading account, profit and loss account, and journal entries to adjust interest.
Make balance sheet, and show partners' capital accounts after final closing of the books.
A VIEW OF THE NEW YORK GENERAL OFFICES OF THE WESTERN ELECTRIC COMPANY