BACHELOR OF COMMERCE YEAR 1-ACADEMIC AND ASSESSMENT CALENDAR DISTANCE QUESTION THREE [20] The following list of account balances were extracted from the accounting records of Don's Electrical Services as at 28 February 2021: List of accounts Debit - R Credit - R Land and buildings at cost 250 000 Vehicles at cost 155 000 Accumulated depreciation: Vehicles -1 March 2020 90 000 Equipment at cost 85 000 Accumulated depreciation: Equipment -1 March 2020 40 000 12% Fixed deposit: Lock Bank 30 000 Inventory: Consumables -1 March 2020 21 000 Debtors' control 25 000 Allowance for credit losses 1 125 80 373 Bank Long term borrowing: 10% per year 37 500 Creditors' control 20 835 Capital: Don Dude 197 500 Drawings 89 327 Service fees 524 835 Interest on fixed deposit Rent income Advertising Credit losses 1 688 19 180 9 735 2 100 Communication costs 5 078 Consumables purchased 84 148 Other operating expenses Interest on borrowings 92 902 3 000 932 663 932 663 REGENT BUSINESS SCHOOL (RBS) - JANUARY 2022 25