Additional information 1. Prolessiansl services to the value of R5 000 has been reridered by Mr. Blue to a trusted cliens Mrs Nawy, but as the scoountant is on sick leave an invoice is yet to be submitted to Mrs Navy. 2. Defective goods to the value of R2 500 was retumed by Mr Spring on 31 August 2022. Mr Spring opted to hawe the refund pracessed on his scoourt. The goads hidd an ariginal coet of R1 BC0. 3. An order to repair the roat of the building to the value of R7 000 was issu6d on 31 Algust 2022 . Commencement of the maintenanca is planned for 1 Dctover 2022. 4. Mrs Jump's astate was tnalised by her lawyer. The final distrbution acoourt chers a final settlement of 15c in the rand an her outstanding accourt of Rg 000 . The payment was received on 31 August 2022 in cash. 5. The company purchases fuel on acoaunt for the company weticle. The invoice from Patroleum Sa has not been recaked yet. The slps supporting the fual purchases in August 2022 ambunts tor R3 sab. 6. The edvance to Mr Green of R 15 doo was dabited to the salaries and wages ecoourt, 7. Tha partnership agreement states that partnars aarn 7% interest on thair capital accaunts and 9,5% on their curent accounts. Mr Green contributed R130 000 capital on 31 August 2022 , which was alreacty recarded. 8. Tha company polcy requires a reported balance on the allowance for crecit losses ac. 10% of outstanding debtars. 9. The stock count pertomed on 31 August 2022 reported stationery of R2 800 on hand. During this stock take, the superviser disccosered a rotient issue in the materials store. The material loes was calculated at R1 600. Opening materials on 1 September 2021 amourtad to R22 403. 10. Land is not depreciated. 11. Buidings are depreciated at 2% per year an the straight-ine basis. 12. Vahicles are depreciated at 25% an the reduced balance mathod. The residual value of the vehicies was ger at R50 000 . 13. Equipment is tepreciated at 12% on the straight-line basis. Equipment of R15 000 was scle on 1 March 2022 On 1 September 2021 this aqupment had accumulated deprecition of RB 400 . The nquipmart was rapliced with updated tochnoiogy to the valiee of R25 000 an 1 Apni 2022. The transactions on the sale end purchase ware recorced. Depreciation has not baen aocourbed for. With reference to the data-8et provided, address the following questions: QUESTION ONE [45] Process the goneral journals on the aridional transictions. QUESTIONTWO [30] Prepare the Statemenc of Comprentensive Income tor the period ended 31 August 2022 of Wing-It [Pty| Lid The tax rate on priate comparies set by the South Atrican Revenue Services is 28%. QUESTIONTHREE [25] Disclase the praperty, plant and equipment nate in the firancial statements of Wing-It (Pty) Lid far the financial yoar ended 31 fugues 2022 DATA PROVIDED The pre-adjustment trial balarice of Wing-It Pty Lid as at 31 August 2022 is presersect. Additional information 1. Prolessianal services to the walue af R5 000 has been rendered by Mr. Blue to a trusted Cliens Mrs Naty, but as the eccountant is on sick leeve an invoice is yet to be submitted to Mrss Navy. 2. Defective gaods to the value of R2 500 was ratumed by Mr Spring on 31 August 2022, Mr Spring opted to have tha refund pracessed on his acooun. The goats had an ariginal coet of R1 800 . 3. An order to repair the roof of the buikding to the value of R7 d00 was issued cn 31 Alugust 2022. Commencement of the maiatenance is planned for 1 Octooer 2022 4. Mrs Jurp's estatn was tnalisod by her lawyer. Thn final tistrbution nocourt cffers a final setllement of 15c in the rand on her outstancing account of Re 000 . The payment was received on 31 fugust 2022 in cash. 5. The company purchases fuel on account for the company waticle. The invoice from Petroleum SA has not been recalved yet. The slps supporting the fuel purchases in August 2022 ampunts ta R3 500. 6. The advanoe to Mr Grnen od R 15 doo was dabited to the 5 alarins and wegns acooure. 7. Tha partnerstip agreement states that patnars aarn 7% and 9,5% on their current accounts, Mr Green contributed R130 col capital on 31 August 2022 , which was alreachy recarded. 8. The company polcy requires a repcried balance on the alkwance tor crecl losses at 10% of outstanding datbors. 9. The stodk count pertormed on 31 August 2022 reported stationery of R2 800 on hand. Duning this sticck take, the superviscr discorered a radent issue in tha materials store. The material loes was calculated at R1 600. Opening maverials on 1 September 2021 amourved to 822404. 10. Land is not depreciated. 11. Buibings are depreciated at 2% per year an the stmight-Inn basis. Additional information 1. Prolessiansl services to the value of R5 000 has been reridered by Mr. Blue to a trusted cliens Mrs Nawy, but as the scoountant is on sick leave an invoice is yet to be submitted to Mrs Navy. 2. Defective goods to the value of R2 500 was retumed by Mr Spring on 31 August 2022. Mr Spring opted to hawe the refund pracessed on his scoourt. The goads hidd an ariginal coet of R1 BC0. 3. An order to repair the roat of the building to the value of R7 000 was issu6d on 31 Algust 2022 . Commencement of the maintenanca is planned for 1 Dctover 2022. 4. Mrs Jump's astate was tnalised by her lawyer. The final distrbution acoourt chers a final settlement of 15c in the rand an her outstanding accourt of Rg 000 . The payment was received on 31 August 2022 in cash. 5. The company purchases fuel on acoaunt for the company weticle. The invoice from Patroleum Sa has not been recaked yet. The slps supporting the fual purchases in August 2022 ambunts tor R3 sab. 6. The edvance to Mr Green of R 15 doo was dabited to the salaries and wages ecoourt, 7. Tha partnership agreement states that partnars aarn 7% interest on thair capital accaunts and 9,5% on their curent accounts. Mr Green contributed R130 000 capital on 31 August 2022 , which was alreacty recarded. 8. Tha company polcy requires a reported balance on the allowance for crecit losses ac. 10% of outstanding debtars. 9. The stock count pertomed on 31 August 2022 reported stationery of R2 800 on hand. During this stock take, the superviser disccosered a rotient issue in the materials store. The material loes was calculated at R1 600. Opening materials on 1 September 2021 amourtad to R22 403. 10. Land is not depreciated. 11. Buidings are depreciated at 2% per year an the straight-ine basis. 12. Vahicles are depreciated at 25% an the reduced balance mathod. The residual value of the vehicies was ger at R50 000 . 13. Equipment is tepreciated at 12% on the straight-line basis. Equipment of R15 000 was scle on 1 March 2022 On 1 September 2021 this aqupment had accumulated deprecition of RB 400 . The nquipmart was rapliced with updated tochnoiogy to the valiee of R25 000 an 1 Apni 2022. The transactions on the sale end purchase ware recorced. Depreciation has not baen aocourbed for. With reference to the data-8et provided, address the following questions: QUESTION ONE [45] Process the goneral journals on the aridional transictions. QUESTIONTWO [30] Prepare the Statemenc of Comprentensive Income tor the period ended 31 August 2022 of Wing-It [Pty| Lid The tax rate on priate comparies set by the South Atrican Revenue Services is 28%. QUESTIONTHREE [25] Disclase the praperty, plant and equipment nate in the firancial statements of Wing-It (Pty) Lid far the financial yoar ended 31 fugues 2022 DATA PROVIDED The pre-adjustment trial balarice of Wing-It Pty Lid as at 31 August 2022 is presersect. Additional information 1. Prolessianal services to the walue af R5 000 has been rendered by Mr. Blue to a trusted Cliens Mrs Naty, but as the eccountant is on sick leeve an invoice is yet to be submitted to Mrss Navy. 2. Defective gaods to the value of R2 500 was ratumed by Mr Spring on 31 August 2022, Mr Spring opted to have tha refund pracessed on his acooun. The goats had an ariginal coet of R1 800 . 3. An order to repair the roof of the buikding to the value of R7 d00 was issued cn 31 Alugust 2022. Commencement of the maiatenance is planned for 1 Octooer 2022 4. Mrs Jurp's estatn was tnalisod by her lawyer. Thn final tistrbution nocourt cffers a final setllement of 15c in the rand on her outstancing account of Re 000 . The payment was received on 31 fugust 2022 in cash. 5. The company purchases fuel on account for the company waticle. The invoice from Petroleum SA has not been recalved yet. The slps supporting the fuel purchases in August 2022 ampunts ta R3 500. 6. The advanoe to Mr Grnen od R 15 doo was dabited to the 5 alarins and wegns acooure. 7. Tha partnerstip agreement states that patnars aarn 7% and 9,5% on their current accounts, Mr Green contributed R130 col capital on 31 August 2022 , which was alreachy recarded. 8. The company polcy requires a repcried balance on the alkwance tor crecl losses at 10% of outstanding datbors. 9. The stodk count pertormed on 31 August 2022 reported stationery of R2 800 on hand. Duning this sticck take, the superviscr discorered a radent issue in tha materials store. The material loes was calculated at R1 600. Opening maverials on 1 September 2021 amourved to 822404. 10. Land is not depreciated. 11. Buibings are depreciated at 2% per year an the stmight-Inn basis