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(a) A physical inventory count taken, revealed the following: Adjustments at 31 October 20.4: - Inventory on hand, R61 800 - Stationery on hand, R400
(a) A physical inventory count taken, revealed the following: Adjustments at 31 October 20.4: - Inventory on hand, R61 800 - Stationery on hand, R400 (b) The fixed deposit and long-term loan were both negotiated during 20.1. - Packing materials on hand, R620 (c) The salary of an employee, D Bono, for October 20.4 is still due, R4 900 . (e) The rent due by the tenant amounts to R2 700 per month. The tenant has been (d) Prepaid insurance amounts to R500. (f) The outstanding balance of a debtor, B Charlie, must be written off. The amount renting since 1 November 20.3 . (g) Joyner \& Sons determined that the allowance for credit losses account should is R1250. amount to R1 200 on 31 October 20.4 . (h) Depreciation must be provided for as follows: - On vehicles @ 20\% per annum according to the straight-line method - On equipment @ 3331% per annum on the reducing-balance method Required: (1) Prepare the statement of comprehensive income for Joyner & Sons for the year ended 31 October 20.4 . (2) Prepare the statement of financial position of Joyner & Sons as at
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