answer

Make use of the information below and draw up the following: PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY Adjustments to be effected on 28 February 2019 The following was found as per physical count. 1. 1. Trading Stock R80 300 1. 2. Packing Material R700 2. Depreciate equipment at 10% p.a. on the diminishing balance method. 3. Write of further credit losses of R2000. 4. Adjust allowance for credit losses to 5% of trade debtors. 5. Provide for the outstanding interest on loan. 6. Provide rates at 2% on value of land and buildings. REQUIRED: 1.1. STATEMENT OF FINANCIAL POSITION for ABC Traders 28 Feb 2019 1.2 Notes to the statement of financial position, specifically the property, plant and equipment note (15)