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Given information to questions 1-5 below: The following information relates Solar Now Installers, a partnership established on 1 March 2021 by A Wind and
Given information to questions 1-5 below: The following information relates Solar Now Installers, a partnership established on 1 March 2021 by A Wind and B Blade: 1. Balances as at 28 February 2022: SOLAR NOW INSTALLERS EXTRACT OF BALANCES AS AT 28 FEBRUARY 2022 Capital: A Wind R180 00 Capital: B Blade R96 00 Land and buildings at cost R450 00 Equipment at cost R155 00 Accumulated depreciation: Equipment R15 50 Bank (Dr) R69 12 Trade receivables control R75 70 Inventory (1 March 2021) R6 00 Long-term loan (ACCA Bank) R360 00 Trade payables control R29 9 Sales R635 29 Purchases R402 2 Drawings: A Wind R36 00 Drawings: B Blade R39 00 Settlement discount received R8 36 Delivery cost on sales R1 52 Bank charges R3 71 Depreciation Telephone expenses Water and electricity Salaries and wages Stationery consumed Interest on loan R15 50 R16 80 R17 5 R35 18 R1 3 R14 40 2. Additional information:
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