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create these financial statements for me. Financial Reporting and Analysis Matrix Traders PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 20.15 Adjustments and additional information 1.
create these financial statements for me.
Financial Reporting and Analysis Matrix Traders PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 20.15 Adjustments and additional information 1. The loan at Den Bank is an unsecured loan granted on 01 March 20.14 for a period of five years. Equal annual instalments commence on 01 March 20.15. Interest payments are up to date. 2. According to a physical stocktaking the following stocks were on hand on 28 February 20.15 : Trading inventory R61600 Consumable stores R400 3. The advertising amount includes a contract for R1200 that was taken for the period 01 June 20.14 to 31 May 20.15 . 4. A debtor who owed R800 was declared insolvent. His account must now be written off. 5. Provide for outstanding interest on fixed deposit. The investment in fixed deposit was made on 01 February 20.14 and it matures on 31 January 20.17. 6. Provide for depreciation on equipment at 20% p.a. using the fixed instalment method. 7. The telephone account for February 20.15 has not yet been paid, R450. 8. A part of the building has been leased to a tenant on 01 February 20.15 at R30000 per annum. The rent for February 20.15 has not yet been received. 9. The partnership agreement provides for the following which must be taken into account: 9.1 A salary of R5 000 is awarded to each partner monthly. 9.2 Interest on capital at 12% p.a. is allowed on the capital balances. Note that on 01 March 20.14 Mathew increased his capital by R50 000 while Rixon decreased his capital by R30 000 . These capital changes have been recorded. 9.3 Rixon is entitled to a bonus of R12000. 9.4 Interest on partners' drawings is charged on daily balances. The amounts for each partner are as follows: Mathew R3 000 Rixon R3 200 9.5 The remaining profit (loss) is shared equally between Mathew and Rixon. - create statement of comprehensive income - create statement of Financial Position. - create statement ion changes in EquityStep by Step Solution
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