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1. The following information relates to the trial balance of SD Ltd at 28 February 2002. Additional information 1. Debtor S Sinn is insolvent; his
1. The following information relates to the trial balance of SD Ltd at 28 February 2002. Additional information 1. Debtor S Sinn is insolvent; his debt of R120 has to be written off as irrecoverable 2. Provision must be allowed for depreciation at the following amounts: Vehicles R15 750 Equipment R1 250 3. Rent has been received until the 31 March 2002. 4. Salary of R1 500 has been paid in advance. 5. An insurance premium of R250 per month has not been paid for one month. 6. Commission to the value of R880 has been earned on 28 February 2002 but not yet received. 7. Inventory on 28 February 2002 amounts to the following: Trading stock R6 500 Packing material R175 8. Delivery fees of R 50 on purchases have not yet been paid. Required Prepare the statement of profit or loss and other comprehensive income, and a statement of financial position
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