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Amani and Salwa are partners in a firm. On 1/1/2020, capital balances in the partnership...

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Accounting

Amani and Salwa are partners in a firm. On 1/1/2020, capital balances in the partnership are $60000, $70000 respectively. Partner's Current Account balances are $10000 credit, $30000 credit, respectively. Partner's Drawings during the year are $15000, $5000 respectively. On 1/9/2020, Salwa advanced a loan of $6000 to the firm for five years with a rate of 12% transfer to her current account every six months. Income ratios are equal. In 2020, the company net Losses of $20000. Salwa's Current Account balances on 31/12/2020 are:

15,240

10360

15,000

15,360

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