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5 Bongo (Pty) Lid raised a long term loan of R1 68000 h May 2023. 6 The following information was extracted from the statement of
5 Bongo (Pty) Lid raised a long term loan of R1 68000 h May 2023. 6 The following information was extracted from the statement of comprehensive income for the year ended 30 June 2023: - Sales for the year was R1 464000 - Rental income was R26 400. - Profit on disposal of equipment R36000 - Depreciation R48000 - Interest expense R50 400 - Income tax expense R147 600 - Profit after tax R222000. Required: Prepare the statement of cash flows for Bongo (Pty) Ltd for the financial year ended 30 June 2023 in compliance with the requirements of the International Finencla Reporting Stand ards (IFRS) in as much as the given information allows. Use the hdred method. QUESTION FOUR Required: Prepare general journal entries to recond all the relevant transactions regerding tha lisue of shares during the current financial year ended 30 June 2023. Indude ganeral Joumal entias for the declaration and payment of dividends, the income tax expense, the poyment of dividends a approved, and the year-end closing entry for the share issue appenses. NB: You are required to also record the date and a short narration for each wansection END OF QUESTION PAPER
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