Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please provide the solution don't reject CRONLIIED 1. Acconding to physical stocktaking the following were co hand on 28 February 2022 . 2. The advertising
please provide the solution don't reject
CRONLIIED 1. Acconding to physical stocktaking the following were co hand on 28 February 2022 . 2. The advertising total includes a payment of R12 000 for advertisements that were due to be published for the period 01 January 2022 to 30 June 2022 (R2 000 per month). 3. Pat of the bulding has been let to a tenant since 01 March 2021. Rent anounts to R20 000 per month. Make the necessary adjusiment. 4. Write off the account of debtor, P. Peter, R3 000 5. The provision for bad debts must be decreased to R25 000 6. Diectors' fees have been paid up 10 31 January 2022 . A third director was employed from 01 February 2022. The three drectors earn the same rerureralon. Provide for the fees sta due. 7. The ban from Hip Bank was obtared on 01 February 2022. Provide for the cutstanding interest on tan 8. A rotice fiom the municpaity indicated that the rates assessment for the year ended 28 February 2022 tas teen finalised and \& amourted to R96 000 tor the financial year. 9 Provide for depreciation as folows: 9.1 On veh des at 20% per year using the diminishing balance method 9.1. On equipment at 15% per year on cost. 10 The company tax for the year ensed 29 Febriary 2022 is caloulated at 239 of the proft before tax pientien Use the intoruaton given below to prepare ithe Staturnent of Comprehensive thoone of Moron United for the year endud 2 fetruary 2022 MFckuationStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started