Adjustments and additional information 1. Inventory on hand on 28 February 2020 amounted to R91 000 . Inventories are mekared at ont on a FFO method and at net realirable value, whichever is the lower. 2. Consurable stores according to stocktabing on 28 Fetruar 2020 amourted to 2300. 3. Advertising included a payment of R1 080 for adveftisenents to appear in a boal newspuper ton 1 November 2019 to 30 April 2020. 4. Depreciaton is provided annaly on equipment at 10\%, pa. using the dininisting balance netod. 5. The loan from BTK bark is an ussecured loan that was granted bo Marino Tnades on 01 Fetruary 2019. Provide for outstanding interest on loan. The ban is reparable in 10 equal instalments. The firt instainent is perable on 31 Mach 2020 6. The investneat at TT Bank was made on 1 duse 2019. Provide for outstanding interest on the fred depost. The fxed deposit matures on 1 June 2021 . 7. The tenart has aleady paid the rent for March 2020. Nole that the moritly mertal det PS 000 was incereded by 10% whth eflect from 1 December 2019 The following is a pre-adjasted Trial balance of Mamiso Traders on 28 February 2921 8. A debit order for R500 for the insurance of the owner's home was erroneously entered in the insurance account. 9. A debtor who owed R800 has been declared insolvent. His estate paid a first and final dividend of 70 cents in the Rand. The balance of his account must be written off. No entries have been made for these transactions. 10. A debtor's account with a credit balance of R200 must be transferred to her account in the creditor's ledger Required Prepare statement of comprehensive income of Mamino Traders for the year ended 28 February 2020. Adjustments and additional information 1. Inventory on hand on 28 February 2020 amounted to R91 000 . Inventories are mekared at ont on a FFO method and at net realirable value, whichever is the lower. 2. Consurable stores according to stocktabing on 28 Fetruar 2020 amourted to 2300. 3. Advertising included a payment of R1 080 for adveftisenents to appear in a boal newspuper ton 1 November 2019 to 30 April 2020. 4. Depreciaton is provided annaly on equipment at 10\%, pa. using the dininisting balance netod. 5. The loan from BTK bark is an ussecured loan that was granted bo Marino Tnades on 01 Fetruary 2019. Provide for outstanding interest on loan. The ban is reparable in 10 equal instalments. The firt instainent is perable on 31 Mach 2020 6. The investneat at TT Bank was made on 1 duse 2019. Provide for outstanding interest on the fred depost. The fxed deposit matures on 1 June 2021 . 7. The tenart has aleady paid the rent for March 2020. Nole that the moritly mertal det PS 000 was incereded by 10% whth eflect from 1 December 2019 The following is a pre-adjasted Trial balance of Mamiso Traders on 28 February 2921 8. A debit order for R500 for the insurance of the owner's home was erroneously entered in the insurance account. 9. A debtor who owed R800 has been declared insolvent. His estate paid a first and final dividend of 70 cents in the Rand. The balance of his account must be written off. No entries have been made for these transactions. 10. A debtor's account with a credit balance of R200 must be transferred to her account in the creditor's ledger Required Prepare statement of comprehensive income of Mamino Traders for the year ended 28 February 2020
