Leek and Bean were in partnership as lawnmower manufacturers, Leek being responsible for the factory and Bean for the warehouse. All completed lawnmowers were transferred from the factory to the warehouse, at agreed prices. Profits are to be shared as follows :
Factory—-Leek (75%); Bean (25%); Trading Leek (25%); Bean (75%).
The following trial balance has been extracted from the books on 30th June, 2015 :