A rental agreement, effective 1 April 2021 , stipulates that the rental expense of R4500 increases annually with 8% on 1 April. At financial year-end, 31 March 2023 , the rental balance reported in the general ledger amounted to R63 568.80 A motor vehicle, originally purchased for R320 000 on 1 December 2020 , is depreciated at 20% on the diminishing depreciation method. The residual value was set at 25% of the purchase price. The vehicle was sold on 30 June 2023 for R275 000. Only record entries for the financial period 1 April 2023 to 30 June 2023. Mr. Gizzi's account of R7 430 was handed over to the attorneys for collection during May 2022. The lawyers finalized the liquidation and distributed a final payout of 45c in the rand on 31 March 2023. The customer control account amounted to R55 700 prior distribution. The company adopted a policy to allow for a provision of doubtful debts of 12%. The allowance account had a balance of R 4600 on 28 February 2023. The entries affecting March 2023 have not been recorded