beginning of the financil e (20) below were extracted from the accounting FINANCIAL STATEMENTS QUESTION 5 The trial balance, adjustments and additional information given records of Concha Traders on 28 February 2017, the end of the financial year. REQUIRED Prepare the Statement of Financial Position of Concha Traders as at 28 February 2017. The notes to the financial statements are not required. Where applicable, show calculations in brackets. INFORMATION CONCHA TRADERS PRE ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY 2017 Debit (R)Credit (R) Balance sheet accounts section 162 000 Capital 70 000 180 000 120 000 Drawings Vehicles at cost Equipment at cost 90 000 38 000 Accumulated depreciation on vehicles Accumulated depreciation on equipment 70 000 32 000 Trading inventory Debtors control Provision for bad debts 4 000 Bank Cash float 22 000 2 000 40 000 80 000 Creditors control Mortgage loan:Aries Bank (16% pa) Nominal accounts section Sales Cost of sales Sales returns 485 000 Salaries and wages Bad debts Consumable stores Rent expense 240 000 5 000 84 000 5 000 2 000 28 000 15 000 Bad debts recovered 2 000 Telephone Electricity and water Bank charges Insurance 7 000 11 000 3 000 4 000 6 000 Interest on mortgage loan Commission income 5 000 906 000 906 000 PROGRAMME HANDBOOK: JANUARY 2018 INTAKE