Idion QUESTIONS REQUIRED a Prepare the following notes in the financial statements of Winter Traders for the year ended Jure 2020 . Property, blant and en Tractables Other current assets alphabetical dan Investores habetical order b. Calciate the rest expense anunt and discose in an extract of the statement of proto loss and comprehensive income for the year ended 30 June 2020 INFORMATION The following til balance we provided to you are the bookeeper recorded some of the year and adjustments ready Winter Traders That balance as at 30 June 2070 No. Debat Credit R R Accued prediction on equipment (172019) 17 000 Accumulated depreciation on furniture 1 25 500 Advertising 8000 Allowance for credit losses 3 000 Bank 2400 Capti 200 000 Cash fost 800 Consumables on hand 2 4 800 Credito con 11 400 Detto control 75 200 8000 Depreciation 3.000 Drawings Equipment 217 800 Expenses payable (72019 3 300 Furniture 105 000 Go Draft 140 540 Inventory (1720109 2 44500 Interest expense J 16 600 Long-term loan 90000 Petty cash 800 Rent income 4 25 260 Salaries and wages 30 000 Telephone 4300 518 400 518 400 Additional information 1 The bookkeeper calculated the depreciation on upment contedy as R3 500 for the financial year but has not yet been recorded Depreciation for mure was correctly iniland and recorded Consumables on hand Creditos control 2 1 4 800 11 400 76 JS Jas Cher Bu 3000 217 800 3300 105 000 140 540 44 500 16 600 90 000 Debors control Depreciation Drawings Equipment Expenses payable 1/7/2019) Furniture Gross proft Inventary (17120191 Interestepense Long-term loan Petty cash Rent income Ses and wages Telephone 3 2 3 3 800 4 25260 30 000 4300 518 400 518 400 Additional information 1. The bookkeeper calculated the depreciation on equipment conecay as R3 500 for this financial year but this has not yet been recorded Depreciation for furniture was correct calculated and recorded During the year astoupent mounting to R25 000 we bought Delivery charges of R4 500 e paid to have the equipment delivered to the business premises These ansactions have ready been recorded 2. A physical stock taking revealed the following inventories on hand the entity uses the periodic inventory system Trading stock R42 000 - Consumables, R4 000 3 The long-term loan was trained on 1 Odobar 2018 and repayable in instaliments of R10 000 every six months from this one Winter Traders has never defaulted on any payment and al payments were recorded correctly The interest rate of 12 s market related but decreased to 10% on 1 January 2020 Interest is payable everythree months in areas The took per did not process the reversal of the adjustment from the previous financial period and the amount for "Expers payable relate to interest expense for the previous financial yeat The bookkeeper a los track of how much interest was pais relating to this year and suspects that some of the best paid have been paid in advance 4 Winter Traders has two lenarts, Mary Machaba and Dead who rent separate spaces on the premises for storage purposes. Both tenants occupied the storage space for the Anarcial period. Mary's rentas Do per month and she has already paid the sent for July 2020. Dears monthly sent was increased with 10% as from 1 March 2000 and she the rent for June 2020 Timed Test This testes a time of the best wel save and submit automacally when the linee Wings appear when all the time, 5 minutes, 1 minute and 30 seconds renan Multiple This test allows 2 atampes. This is attempt number 1 Actor Forte This test can be saved and secured at any point in time has expired Theune contro Completion avere leel Nem Time: 1 minutes, 37 seconds QUESTION 2 10 points Save NOTE: USE BRACKETS TO INDICATE NEGATIVE AMOUNTS ENTER A ZERO (0) WHERE THERE SHOULD NOT BE AN AMOUNT DO NOT LEAVE BLANK SPACES. Winter Traders Notes for the year ended 30 June 2020 Property, plant and equipment Equipment R Carrying amount - 2 30 June 2019 Furniture R ? . Cost Accumulated depreciation Movements during the year Acquisitions Disposals Depreciation Carrying amount - 30 June 2020 Cost Accumulated depreciation QUESTION 3 12 po Use "No entry" for lines amounts where there should be no entry. Do not leave blank spaces Additional lines were added on manos Accumulated depreciation 12 points QUESTION 3 Use "No entry for lines amounts where there should be no entry. Do not leave blank spaces. Additional lines were added on purpose Winter Traders Notes for the year ended 30 June 2020 Trade receivables R v 22 Other current assets R V