Adjustments and additional information

The profit after tax for the year ended $31$ July $2023$ amounted to R$392100.$ The following adjustments were made to the income and expenses but not to the balance sheet accounts:

$1.$

A physical stocktake on $31$ July $2023$ revealed the following:

$1\mathrm{.}1$

Trading inventory on hand amounted to R$1050000.$

$1\mathrm{.}2$

Stationery unused amounted to R$2000.$

$2.$

Rent for August $2023$ was received and recorded on $31$ July $2023,$ R$14000.$

$3.$

Dividends of $70$ cents per share are due from ABC Limited.

$4.$

Commission on sales of R$30000$ is owed to the salespersons.

$5.$

Equipment, cost price R$120000,$ was purchased on credit on $01$ July $2023$ but no entry has been made for this. Depreciation on equipment is calculated at $15\%$ p$.$a$.$ on cost and on vehicles at $20\%$ p$.$a$.$ on the diminishing balance.

$6.$

The bank statement was received after the trial balance was prepared and it reflected bank charges of R$1800.$

$7.$

The provision for bad debts must be adjusted to $5\%$ of debtors.

$8.$

Two of the directors of the company are owed remuneration of R$20000$ each.

$9.$

Based on the profit for the year, an amount of R$30000$ is still owed to South African Revenue Services for company tax.

$10.$

The directors declared a final dividend of $12$ cents per share. The interim dividend amounted to R$100000.$