MANCOSA: BCOM FINANCIAL MANAGEMENT YEAR 1 73 FINANCIAL STATEMENTS OF A COMPANY QUESTION 3 REQUIRED use thebensive Income of Selfie Limited for the year ended 28 February 2018. 20) (20) balance, additional information and adjustments given below to prepare the Statement of SELFIE LIMITED PRE- MENT TRIAL BALANCE AS AT 28 FEBRUARY 2018 Debit (R) Credit (R) Balance sheet accounts section Ordinary share capital 416 000 121 700 Retained earnings Land and buildings at cost Equipment at cost Vehicles at cost 480 000 213 000 175 000 Accumulated depreciation on equipment Accumulated depreciation on vehicles 88 000 44 000 Trading invento 45 000 50 000 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 Stationery Bad debts Discount allowed Discount received Electricity and water 3 000 14600 65 000 50000 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 Interest on overdraft Directors' fees Audit fees Salaries Bank charges Rent income 26 000 20000 1 767 300 Municipal rates 1 767 300