Pensi Traders The trial belanoe and addtional information given balow were extracted from the eccounting recards of Pensi Traders on 28 Febnuary 2019, the end of the finencia year. REQUIRED Llse the trial balance, adjustments and additianal information to prepare the Statement of Comprahensive hcame according to tha follswing format Salas Cost of salas Groes profit Other cperating income Gross cperating incame Operating expenses Operating profit Interest incoms Interest expensu Net profit far the year Pensi Traders PRE-ADUUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2019 Additional information and adjustments 1. The rent for March 2019 has already been racaived. 2. The value of irventorias acconing to physical stocklaking as at 28 Febrary 2019 are as folows: "Tracing inventory R86 000 - Stationery R500 3. An itvoice recaived for an advertisement was emeneously debited to sundry expanees account. R2400. 4. The telephone aocount for Fabruary 2019 las not yat baen paid, R900. 5. Bank charges, which appeared on the bank statement for February 2019, were not yet reconded, R500. 6. The insurance account induces a premium of R2 4JD that was paid for the period 01 June 2018 is 31 May 2019. 7. Promide tor the outstanding interest en fixed deposit. The ivesiment in fired deposit was mace on 01 March 2018. 8. Provide far the oulstarding irlerest en loain, R550. 9. Create a provision for bad dabts equal to 5% of trade dabtors. 10. Provite far depreciation or equpment at 15% per year, usirg the diminsting balarce method Pensi Traders The trial belanoe and addtional information given balow were extracted from the eccounting recards of Pensi Traders on 28 Febnuary 2019, the end of the finencia year. REQUIRED Llse the trial balance, adjustments and additianal information to prepare the Statement of Comprahensive hcame according to tha follswing format Salas Cost of salas Groes profit Other cperating income Gross cperating incame Operating expenses Operating profit Interest incoms Interest expensu Net profit far the year Pensi Traders PRE-ADUUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2019 Additional information and adjustments 1. The rent for March 2019 has already been racaived. 2. The value of irventorias acconing to physical stocklaking as at 28 Febrary 2019 are as folows: "Tracing inventory R86 000 - Stationery R500 3. An itvoice recaived for an advertisement was emeneously debited to sundry expanees account. R2400. 4. The telephone aocount for Fabruary 2019 las not yat baen paid, R900. 5. Bank charges, which appeared on the bank statement for February 2019, were not yet reconded, R500. 6. The insurance account induces a premium of R2 4JD that was paid for the period 01 June 2018 is 31 May 2019. 7. Promide tor the outstanding interest en fixed deposit. The ivesiment in fired deposit was mace on 01 March 2018. 8. Provide far the oulstarding irlerest en loain, R550. 9. Create a provision for bad dabts equal to 5% of trade dabtors. 10. Provite far depreciation or equpment at 15% per year, usirg the diminsting balarce method
