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Adjustments and additional information: All calcuations and workings must be shown. The net profit (after taking all the adjustments into account) was R500 500 .

Adjustments and additional information: All calcuations and workings must be shown. The net profit (after taking all the adjustments into account) was R500 500 . Unused consumable stores amounted to R 2390. The business makes allowance for a provision for bad debts equal to 5% of the Debtors Control balance. An insurance polio for R 4860 was entered into on 1May 2022. The annual premium was paid in full. The telephone account of R2 850 was only settled on 5 M arch 2023. A commission fee of R5 350 was still recemable on 28 February 2023 Depreciation on vehides at 20% p. a on carrying value and equipment at 15% p.a. on cost. A new vehicle was purchased on 1

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