MANCOSA: BCOM FINANCIAL MANAGEMENT YEAR 1 73 72 FINANCIAL STATEMENTS OF A COMPANY (20) 20) QUESTION 3 ance, additional information and adjustments given below to prepare the Statement of REQUIRED nsive Income of Selfie Limited for the year ended 28 February 2018 ELFIE LIMITED PREADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2018 Debit (R) Credit (R) Balance sheet acounts section rdinary share capital Retained earnings Land and buildings at cost Equipment at cost Vehicles at cost Accumulated depreciation on equipment Accumulated depreciation on vehicles Trading inventory Debtors control Provision for bad debts Bank overdraft Creditors control Loan: Pano Bank (18% pa.) South African Revenue Services (Company tax) Nominal accounts section Sales Cost of sales Sales returns Advertising Statione Bad debts Discount allowed Discount received Electricity and water Telephone nterest on overdraft Directors' fees Audit fees Insurance Salaries Bank charges 416 000 121700 480 000 213 000 175 000 88 000 44 000 45 000 50 000 3 000 14 600 65 000 50 000 42 800 936 000 356 000 24 000 30 000 12 000 2 000 3 000 3 000 37 000 20 000 500 44 000 12 000 7 000 190 000 5 000 26 000 ent income Municipal rates 20 000 1 767 300 1 767 300