On 31 December 2022, the company donated party decorations to the local old-age home. The donations cost the company R8 700. 2. On 1 October 2022, the company invested R250 000 in a 48-month fixed deposit, earning 5% interest per annum. The fixed deposit was already recorded on 1 October 2022. Interest is paid out three months in arrears on the first day of the fourth month. As the interest was not yet received, the accountant did not make an entry. 3. On 31 October 2022, the owner took goods for his son as a birthday gift. The cost price of the goods was R15 000. 4. Before year-end, a debtor notified the company that they could not pay their debt for financial reasons. The company, therefore, had no choice but to write the debt amounting to R3 500 off as irrecoverable. 5. Vehicles amounting to R500 000 were bought on credit on 1 December 2022. Depreciation is accounted for using the straight-line method, applying 15% as per the company policy.