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(Marks:35) Radeon Traders has been in business for a vear and the following information was extracted from the business' books. The finandal year end is
(Marks:35) Radeon Traders has been in business for a vear and the following information was extracted from the business' books. The finandal year end is February, Radeon Traders is NOT a VAT vendor and uses the perpetual inventory system. Adstistonat information: The followine information still nends to the taken into account. 1) An invoice for A4so for repalrs and maintenance was recelved on 5 March 2021 far repairs that was done in February 2021. 2) Debtor A Axel cannot be traced, his debt of R2760 should be written off as irrecoverable. 3) Included in the insurance amount is an amount of p4 400 paid for March 2021. 4) Interest on the fised deposit of rea oop is stial outstanding. 5) The rental income of ns 750 for March 2021 has already been recelved on 27 February 2021. 6) Depreciation for the yeur has not vet been recorded: - rquipment R22 200 7) The telephone expense of R650, was posted to the statlonary account in error. This needs to be corrected. Recuiredi Q.2.1 Prepare the statement of profit or loss and other comprehenslve income of Radeon (26) Traders for the year ended 28 February 2021. Q.2.2 Prepare the trade and other receivables note to the financlal statements for the year (9) ended 28 February 2021
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