Interest on loan Bad debts Interest on fixed deposit 5 760 120 720 1 958 507 1958 507 Additional Information: 1. The wage of an employee for February 20.23 is due to him, R300. 2. Rent has been received for 13 months. 3. Interest on the mortgage loan was paid in full for 12 months, while interest on the short-term loan I was paid for six months in advance. The short- term loan was obtained on 1 March 20.22. 4. The mortgage loan is repayable in monthly instalments of R1 000. 5. Write off an extra amount of R96 as irrecoverable. 6. Depreciation is provided for as follows: On equipment: An amount of R900 per year. - On vehicles: 20% per annum according to the diminishing balance method. 7. The following was on hand at 28 February 20.23 - Cleaning materials R900 - Stationery R25