July 2023. The notes to the financial slatements are not required. INFORMATION Adjustments and additional information The profit after tax for the year ended 31 July 2023 amounted to R392 100. The following adjusiments were made to the income and expenses but not to the balance sheet accounts: 1. A physical stocktake on 31 July 2023 revealed the following: 1.1 Trading inventory on hand amounted to R1 050000 . 12 Stationen unused amounted to R2 000 . 2. Rent for August 2023 was received and recorded on 31 July 2023, R14 000. 3. Dividends of 70 cents per share are due from ABC Limiled. 4 Commission on sales of R30 000 is owed to the salespersonsi. 5. Equipment, cost price R120 000, was purchased on crealt on 01 July 2023 but no entry has been made for this. Depreciation on equipment is calculated at 15% p. a a cost and on vehicles at 20% pa on the diminishing balance: 6. The bank statement was received after the tral balance was prepared and it reflected bank charges of R1 800 7. The promis in for bad debts must be adjusted to 5% of debiors