COMPANY FINANCIAL STATEMENTS - SOCI ISOFP Adjustments and additional information. 1. Write off a debtor's account of R100 as irrecoverable. 2. Adjust the provision for bad debts to R3600. 3. Rent for February 2023 has not yet been paid by the tenant. NB: The monthly rent had been increased by 8% with effect from 01 September 2022. 4. The February 2023 bank statement received reflected the following : Service fees, R220 Cash deposit fees, R130 Credit card levies, R150 5. Provide for depreciation as follows : - On vehicles at 20% p.a. on the diminishing balance method. NB: the vehicle sold during the year was properly recorded in the books of account - On equipment at 12% p.a. on cost NB: Equipment costing R30 000 was purchased on 01 January 2023 and was properly recorded. 6. Insurance premium of R1800 is outstanding. 7. The advertising amount in the trial balance includes a payment of R9 000, which covers advertising costs for the period 01 February 2023 to 30 April 2023. 8. Building maintenance payment of R20000 was erroneously debited to the premist account. 9. Physical stocktaking on 28 February 2023 indicated the following were on hand : Trading Inventory, R252 000 Consumables, R1 800. 10. Provide for the outstanding interest on loan. 11. Company taxation as per legislation is 28%. SHARK LTD COMPANY FINANCIAL STATEMENTS - SOCI ISOFP Adjustments and additional information. 1. Write off a debtor's account of R100 as irrecoverable. 2. Adjust the provision for bad debts to R3600. 3. Rent for February 2023 has not yet been paid by the tenant. NB: The monthly rent had been increased by 8% with effect from 01 September 2022. 4. The February 2023 bank statement received reflected the following : Service fees, R220 Cash deposit fees, R130 Credit card levies, R150 5. Provide for depreciation as follows : - On vehicles at 20% p.a. on the diminishing balance method. NB: the vehicle sold during the year was properly recorded in the books of account - On equipment at 12% p.a. on cost NB: Equipment costing R30 000 was purchased on 01 January 2023 and was properly recorded. 6. Insurance premium of R1800 is outstanding. 7. The advertising amount in the trial balance includes a payment of R9 000, which covers advertising costs for the period 01 February 2023 to 30 April 2023. 8. Building maintenance payment of R20000 was erroneously debited to the premist account. 9. Physical stocktaking on 28 February 2023 indicated the following were on hand : Trading Inventory, R252 000 Consumables, R1 800. 10. Provide for the outstanding interest on loan. 11. Company taxation as per legislation is 28%. SHARK LTD