CK TRADERS AN EXTRACT OF THE PRE-ADJUSTMENT TRIAL BALANCE AS AT 31 OCTOBER 20.9 Capital Drawings.. Trade receivables control.. Trade payable control.. Land and Building... Machinery (at cost). Accumulated depreciation: Machinery (1 November 20.8). Vehicle (at cost)..... Accumulated depreciation: Vehicle (1 November 20.8). Inventory: Trading (1 November 20.8). Bank (Favourable) Petty cash.. Cash float Loan from ATM Bank. Fixed deposit: TB Bank Allowances for credit losses. Rent income.. Interest on fixed deposit. Advertising...... Packaging material Stationery Credit losses.. Salaries and wages. Interest on loan from ATM Bank. Water and electricity... Telephone expenses. R 350 000 2 500 180 560 129 875 73 722 1 075 308 ? 125 900 12 590 4 800 15 909 254 2 542 258 564 120 782 1530 20 928 7 247 23 580 8 910 3 540 650 98 000 20 257 9 456 1 984 Additional information with regards to adjustments that you still need to take into account. (a) CK Traders sublets part of its building to B Silver. B Silver paid R20 928 on the 1 November 20.8 for 15 months. The rental agreement stipulated that CK Traders will increase the rental amount to R1 688 from 1 August 20.9. (b) CK Traders deposited R120 782 into a fixed deposit account with TB Bank on 1 February 20.9, at an interest rate of 12% per annum. The interest is receivable twice per annum in June and December. (c) On 1 November 20.8, CK Traders entered into an advertising contract with Kgomotso advertising agency for a period of 2 years for a total amount of R23 580. CK Traders paid R23 580 to Kgomotso advertising agency on 1 November 20.8 to cover the full contracted period. (d) A physical inventory count revealed that the following was on hand on 31 October 20.9: Inventory R7 775 Packaging material R1 990 Stationery R260 (e) On 1 December 20.8 CK Traders obtained a loan from ATM Bank. Interest is calculated at 11,5% per annum. The loan repayment schedule indicate that the capital repayment of the loan would be made in four equal instalments as follows: Amount R64 641 Instalments First instalment Second instalment Third instalment Fourth instalment R64 641 Repayment date 30 April 2010 31 October 2010 30 April 20.11 31 October 20.11 R64 641 R64 641 (1) You may assume that the total comprehensive loss for the year, after all the above adjustments have been considered, amounted to R227 519. The total amount for equity to be shown in the statement of financial position as at 31 October 20.9 will be ... . A. R575 019 . B. R225 019 . C. R350 000 D. R347 500 E. R119 981