1. On 31 October 2018, they made a payment in cash of 24,000 for one years rental on their head office.

2. One of the two distribution warehouses was disposed of on 1 December 2017. It cost 200,000 in 1985 and had been depreciated on a straight line basis, over 30 years. The proceeds of the sale were 350,000.

3. Depreciation has not yet been accounted for. Motor vehicles are charged on a reducing balance basis at 40%. The remaining warehouse property was bought for 400,000 and is charged on a straight line basis over 30 years, with a 100,000 scrap value.

4. The closing inventory balance is 25,000 and costs of sales is calculated on a periodic basis.

5. One of Harvard Froots customers has gone bankrupt. Harvard Froot are unlikely to be able to recover the 5,000 owed to them and need to make a bad debt provision for this amount.

6. The interest on the loan has not yet been accounted for or paid.

prepare accounting records to show effect of the information provided above on the balance at 30th Nov. 2018