Additional information and adjustments

$1.$

According to physical stocktaking the following were on hand on $28$ February $2022$:

$1\mathrm{.}1$

Trading inventory

R$420000$

$1\mathrm{.}2$

Stationery

R$10000$

$2.$

The advertising total includes a payment of R$12000$ for advertisements that were due to be published for the period $01$ January $2022$ to $30$ June $2022($R$2000$ per month$).$

$3.$

Part of the building has been let to a tenant since $01$ March $2021.$ Rent amounts to R$20000$ per month. Make the necessary adjustment.

$4.$

Write off the account of debtor, P$.$ Peter, R$3000.$

$5.$

The provision for bad debts must be decreased to R$25000.$

$6.$

Directors$$ fees have been paid up to $31$ January $2022.$ A third director was employed from $01$ February $2022.$ The three directors earn the same remuneration. Provide for the fees still due.

$7.$

The loan from Hip Bank was obtained on $01$ February $2022.$ Provide for the outstanding interest on loan.

$8.$

A notice from the municipality indicated that the rates assessment for the year ended $28$ February $2022$ has been finalised and it amounted to R$96000$ for the financial year.

$9.$

Provide for depreciation as follows:

$9\mathrm{.}1$

On vehicles at $20\%$ per year using the diminishing balance method.

$9\mathrm{.}1$

On equipment at $15\%$ per year on cost$.$

$10.$

The company tax for the year ended $28$ February $2022$ is calculated at $28\%$ of the profit before tax.