Balance sheet section. Capital Nqamakwe Drawings: Nqamakwe Land and buildings at cost price Vehicles at cost price. Accumulated depreciation on vehicles Trial balance of Solo Traders at 28 February 20.6 R Equipment at cost price Accumulated depreciation on equipment Trading inventory Accounts receivable Provision for bad debts Accounts payable Bank 18% Bond on property_ p.a. Nominal section Sales Cost of sales Salaries Telephone Insurance Stationery Advertising Rent received Discount received Bad debts 40 000 220 000 90 000 70 000 50 000 45 000 .. 25 000 210 000 90 000 1280 4 500 720 3 500 1 200 851 200 R 125-000 25000 18 000 20 000 3 000 40 000 .. 120 000 367 000 33 000 200 851 200 Additional information: 1. A debtor S Sive is insolvent and his debts of R500 must be written off as irrecoverable. 2. The provision for bad debts must be adjusted to 5% of outstanding debtors. 3. The interest on the bond was not taken into account and was still payable. 4. The telephone account of R200 for February 20.6 was still due. 5. Included in insurance was an amount of R1 500, a premium which had been paid for the 12 months ending 20 June 20.6. 6. Stationery on hand at 28 February 20.6: R220. 7. The rent received fro February was still due: R3 000. 8. It is the policy of the business to depreciate vehicles at 10% per annum on cost price and equipment at 10% per annum according to the reducing balance method.