CR DR 800.000 250.000 40.000 100,000 110.000 65,000 30.000 30,000 DETAILS Premises 10% Mortgage Retained eamings Goodwill Debtors Creditors General reserves Management fees Ordinary shares a $0.50 5% Preference shares a $1 Share premium Motor vehicle Prov, for depreciation on motor vehicle 10% Debenture Mortgage interest Debentuure interest Cost of sales Closing stock Insurance Wages & salaries Interim ordinary shares dividend Bank Sales Commission received 200,000 200,000 50.000 80,000 12.000 120.000 17.000 5.000 750.000 80.000 20.000 60.000 2.000 53.000 1.100.000 4.000 2.084,000 2.08 4.000 Notes: a. Provide for depreciation on motor vehicle at 5% on the reducing balance b. Insurance is prepaid by $4,000 while wages and salaries is owing by $20,000 c. The goodwill should be written down by 25% CR DR 800.000 250.000 40.000 100,000 110.000 65,000 30.000 30,000 DETAILS Premises 10% Mortgage Retained eamings Goodwill Debtors Creditors General reserves Management fees Ordinary shares a $0.50 5% Preference shares a $1 Share premium Motor vehicle Prov, for depreciation on motor vehicle 10% Debenture Mortgage interest Debentuure interest Cost of sales Closing stock Insurance Wages & salaries Interim ordinary shares dividend Bank Sales Commission received 200,000 200,000 50.000 80,000 12.000 120.000 17.000 5.000 750.000 80.000 20.000 60.000 2.000 53.000 1.100.000 4.000 2.084,000 2.08 4.000 Notes: a. Provide for depreciation on motor vehicle at 5% on the reducing balance b. Insurance is prepaid by $4,000 while wages and salaries is owing by $20,000 c. The goodwill should be written down by 25%