ACCOUNTING

Accumulated Depreciation: Vehicles B9 Date Details Fol. Amount Date Details Fol. AmountQ.3.1 General ledger of Hogwarts Traders (312) Vehicles B4 Date Details Fol. Amount Date Details Fol. AmountQuestion 3 (Marks: 20) The following information was taken from the fixed assets register of Hogwarts Traders. The vehicles indicated below are the only vehicles owned by the sole trader. The sole trader has a 31 December year end. Hogwarts Traders: Asset Register Hogwarts Traders: Vehicle 1 Date 1 May 2015 Date Current Accumulated Purchased: depreciation depreciation Make and Toyota Hilux 31 Dec 21 333.33 21 333.33 reg.: 2014 (FG765GP) 2015 Purchased Benji's Car Sales 31 Dec 29 866.67 51 200.00 from: (Credit) 2016 Cost Price: 320 000.00 31 Dec 26 880.00 78 080.00 2017 Rate of 10% according 31 Dec 24 192.00 102 272.00 Depreciation: to reducing 2018 balance method. Sold to: V. Limited. 31 Dec 2019 Type of Sale: Cash Date sold: 1 July 2019 Selling Price: 250 000.00 Hogwarts Traders: Vehicle 2 Date 1 August 2019 Date Current Accumulated Purchased: depreciation depreciation Make and Hyundai Atos 31 Dec ? reg.: 2019 (ZV109GP) 2019 Purchased Hyundai from: Auto(Cash) Cost Price: R150 000 Rate of 15% according Depreciation: to straight line method. Sold to: Type of Sale: Date sold: Selling Price:Required: Prepare the following accounts in the general ledger of Hogwarts Traders for the financial year ended 31 December 2019 ONLY. Start with the opening balances. Balance the accounts at the end of the month. Ignore VAT. - Vehicles (312) - Accumulated depreciation: Vehicles (912) - Depreciation (2) - Asset Disposal (4) Profit/Loss on sale of vehicles. (1) Show all your workings.