1.please prepare a statement of financial position for BBE Traders 28 feb 2019 2. notes to the statement of financial position ,specifically the property ,plant and equipment note 3. please show calculations of how the final answer was reached

QUESTION TWO Make use of the information below and draw up the following PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY FOR BBE TRADERS 2019 Ordinary share capital (Rlea) Ordinary share premium Retained Income Loan from u mgeni Bank (15% p.a.) Land and Buildings Equipment Accumulated depreciation on equipment Inventory Trade debtors Allowance Bank Cash float Petty cash Trade creditors SARS (income tax Nominal accounts section Sales Sales returns Cost of sales Salaries and wages Directors fees Audit fees Interest on loan Credit losses Rent income Commission income Packing material Insurance Sundry expenses Dividends on ordinary shares interim) 280 000 30 000 41 ODD 27 000 350 000 50 000 20 000 82000 40 000 1 500 16 300 750 250 12 800 7 000 475 000 8000 208 000 90 000 17 000 400D 2 000 1 400 9 900 7 700 2 500 400 11 200 5 000 Page 2 of 5 Adjustments to be effected on 28 February 2019 The following was found as per physical count. 1. 1. Trading Stock R80 300 1.2. Packing Material R700 2. Depreciate equipment at 10% p.a. on the diminishing balance method. 3. Write of further credit losses of R2000. 4. Adjust allowance for credit losses to 5% of trade debtors. 5. Provide for the outstanding interest on loan. 6. Provide rates at 2% on value of land and buildings. REQUIRED: 2.1. STATEMENT OF FINANCIAL POSITION for BBE Traders 28 Feb 2019 (15) 2.2 Notes to the statement of financial position, specifically the property, plant and equipment note (10) QUESTION TWO Make use of the information below and draw up the following PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY FOR BBE TRADERS 2019 Ordinary share capital (Rlea) Ordinary share premium Retained Income Loan from u mgeni Bank (15% p.a.) Land and Buildings Equipment Accumulated depreciation on equipment Inventory Trade debtors Allowance Bank Cash float Petty cash Trade creditors SARS (income tax Nominal accounts section Sales Sales returns Cost of sales Salaries and wages Directors fees Audit fees Interest on loan Credit losses Rent income Commission income Packing material Insurance Sundry expenses Dividends on ordinary shares interim) 280 000 30 000 41 ODD 27 000 350 000 50 000 20 000 82000 40 000 1 500 16 300 750 250 12 800 7 000 475 000 8000 208 000 90 000 17 000 400D 2 000 1 400 9 900 7 700 2 500 400 11 200 5 000 Page 2 of 5 Adjustments to be effected on 28 February 2019 The following was found as per physical count. 1. 1. Trading Stock R80 300 1.2. Packing Material R700 2. Depreciate equipment at 10% p.a. on the diminishing balance method. 3. Write of further credit losses of R2000. 4. Adjust allowance for credit losses to 5% of trade debtors. 5. Provide for the outstanding interest on loan. 6. Provide rates at 2% on value of land and buildings. REQUIRED: 2.1. STATEMENT OF FINANCIAL POSITION for BBE Traders 28 Feb 2019 (15) 2.2 Notes to the statement of financial position, specifically the property, plant and equipment