KATLISO

GENERAL LEDGERThe following information relates to KATLISO:

Balances as at $31$ August $20\mathrm{.}3$:

$R$

$R$

Plant and machinery $($at cost$)$

$85000$

Accumulated depreciation: plant and machinery

$46600$

Additional information

$($a$)$ According to the assets register, plant and machinery consist of two Faset machines of equal value. Both the machines were

purchased by obtaining a loan from Capital Bank and they were charged $15\%$ interest per annum and installed on the same date.

$($b$)$

Depreciation is written off at $20\%$ per annum by the diminishing balance method.

$($c$)$

On $31$ January $20\mathrm{.}4,$ management decided to increase production capacity and purchased a KK machine on credit from Baker

Ltd for R$90000.$ One of the Faset machines was traded in$,$ reducing the amount owing to Baker Ltd to R$70500.$

d$)$

On $1$ February $20\mathrm{.}4,$ installation charges on the new machine amounting to R$6000$ were paid in cash.

REQUIRED

Post the above transactions to the general ledger account provided below.

Instructions:

Do not type the amount with any spaces as separators for thousands $($eg: $12141)$

Round off to the nearest Rand $($eg: $50\mathrm{.}56$ is $51)$

Only show the amount, do not show the $\text{'}$R$\text{'}$ for the Rand sign $($eg: $12141)$