DYSAN LIMITED

PRE-ADJUSTMENT TRIAL BALANCE AS AT 29 FEBRUARY 2020

	Debit (R)	Credit (R)
Balance sheet accounts section
Ordinary share capital (100 000 shares)		200 000
Retained earnings		62 000
Vehicles at cost	180 000
Equipment at cost	120 000
Accumulated depreciation on vehicles		90 000
Accumulated depreciation on equipment		38 000
Trading inventory	70 000
Debtors control	32 000
Provision for bad debts		4 000
Bank	182 000
Cash float	2 000
Creditors control		40 000
South African Revenue Services: Company tax	10 000
Long-term loan: Aries Bank (16% p.a.)		80 000
Nominal accounts section
Sales		485 000
Cost of sales	240 000
Sales returns	5 000
Salaries and wages	84 000
Bad debts	5 000
Consumable stores	2 000
Rent expense	28 000
Motor expenses	15 000
Bad debts recovered		2 000
Telephone	7 000
Electricity and water	11 000
Bank charges	3 000
Insurance	4 000
Interest on mortgage loan	6 000
Commission income		5 000
	1 006 000	1 006 000

Adjustments and additional information (Questions to be filled out on the pre-adjustment trial balance)
According to physical stocktaking done on 29 February 2020, trading inventory on hand amounted to R68 000.
Consumable stores unused according to stocktaking amounted to R200 on 29 February 2020.
No entry has been made for a commission of 10% earned but not received on 500 items that were sold for R60 each.
Received a cheque for R600 from an insolvent debtor, J. Marsh, who was only able to pay 30% of her debt. The balance of her account must now be written off. No entries were made for these transactions.
The provision for bad debts must be decreased to R1 500.