Honeycomb enterprise is into the making of delicious sweets. At 1 July 2017 the following information was extracted from the books.

Bal b/f

Cost Provision for Depreciation Depreciation Policy

Machinery (M1) 25,000 18,500 10% straight line on cost

Equipment (E1 & E2) 15,400 8,600 12.5% straight line on cost

Motor vehicle (MV1) 18,500 6,500 15% reducing balance

During the financial year ended 30 June 2018 the following transactions took place.

Purchases

1 April 2018 (M2) 10,800

1 January 2018 (E3) 6,800

Depreciation for new assets commences in the month of acquisition.

Disposals

Purchase Date Original Cost Disposal Date Sale Proceeds

Equipment (E2) 01/01/2015 7,200 31/03/2018 6,400

Required:

For Honeycomb Enterprise, prepare the following ledger accounts for the year ended 30 June 2018.

1. Machinery account, Equipment account & Motor Vehicle account
2. Provision for Depreciation of Machinery
3. Provision for Depreciation of Equipment
4. Provision for Depreciation of Motor Vehicle
5. Disposal of Equipment
6. Financial statement extracts
7. Property Plant and Equipment Schedule