4 Marked out of 3.00 As of 1 January 2021, Kelly's Clothing had a capital balance of R100 000. During the year Kelly's Clothing had revenues and expenses amounting to R80 000 and R45 000 respectively. On 31 December 2021, the owner conducted a stock take and realised that an inventory valued at R5 000 was damaged. The salvage value of the damaged inventory was estimated at R1 500. In addition, the owner (Kelly), withdrew R20 100 for her personal use. Which one of the following alternatives represents the correct capital balance in the statement of financial position of Kelly's Clothing as at 31 December 2021? a. R110 000 b. R111 400 C. R115 000 d. R111 500 CLEAR MY CHOICE Question 5 Not yet answered Marked out of 3.00 The year-end of Xakwa Mining, a business entity owned by Mr Manenzhe, is 31 December. On 1 January 2021, the statement received from the municipality showed that the company had overpaid by R2 500. Xakwa Mining received electricity accounts for the four quarters starting 1 January 2021 and ending 31 December 2021 for R3 500, R3 570, R2 750 and R3 000 respectively. On 31 December 2021, the municipal account reflected a balance of R2 000 owing. Which one of the following alternatives represents the correct amount that must be disclosed as electricity expense in the statement of profit or loss and other comprehensive income of Xakwa Mining for the year ended 31 December 2021? a. R 8 500 b. R17 320 C. R12 500 d. R17 500 CLEAR MY CHOICE