EXERCISE $1\mathrm{.}9,1\mathrm{.}9$

T$.$ Langa, a bookkeeper, trading as Langa's Bookkeeping Services, commenced business on $1$ January $2019.$ All transactions for January and February $($except for $27$ and $28$ February$)$ had been correctly recorded in the firm's ledger. The trial balance at the close of business on $26$ February $2019$ was as follows:

LANGA'S BOOKKEEPING SERVICES

TRIAL BALANCE

AT $26$ FEBRUARY $2019$

$\backslash$table$[[$REAL ACCOUNTS,$\backslash$table$[[$DR$],[$R$]],\backslash$table$[[$CR$],[$R$]]],[$Capital $($contribution made on $1$ January $2019),,100000],[$Land and buildings,$75000,],[$Accounts receivable,$26000,],[$Office supplies,$1250,],[$Cash at bank,$32040,],[$Accounts payable,,$3190],[$Long term loan: R$.$ Langa,,$6000],[,,],[$NOMINAL ACCOUNTS,,$],[$Bookkeeping fees,,$],[$Rent expense,$6000,],[$Wages expense,$4500,],[,$R$144790,$R$144790]]$

The following were the transactions for $27$ and $28$ February $2019$ :

February $27$ Paid wages for February of R$4500.$

February $28$ Determined that the cost of office supplies used during January and February amounted to R$690.$

Paid R$250$ for school fees for T$.$ Langa's son.

Billed clients for bookkeeping fees amounting to R$8100$ earned in February.

Discovered that office supplies which had cost R$150$ had been stolen during February.

REQUIRED:

Prepare the Statement of Financial Position of the business at $28$ February $2019.$

NOTE: The Statement of Financial Position should be accompanied by a note to capital $($capital statement$).$

Show all workings clearly.

Workings may be in the form of T$-$accounts, the accounting equation or any other logical method.

$($RV$101$ test : $25$ minutes$)$

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