PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY FOR ABC TRADERS 2019 Ordinary share capital (R1 ea) 280 000 Ordinary share premium 30 000 Retained Income 41 000 Loan from Umgeni Bank (15% p.a.) 27 000 Land and Buildings 360 000 Equipment 50 000 Accumulated depreciation on equipment 20 000 Inventory 82 000 Trade debtors 40 000 Allowance 1 500 Bank 16 300 Cash float 750 Petty cash 250 Trade creditors 12 800 SARS (Income tax) 7 000 Nominal accounts section Sales 476 000 Sales returns 8 000 Cost of sales 208 000 Salaries and wages 90 000 Directors fees 17 000 Audit fees 4 000 Interest on loan 2 000 Credit losses 1 400 Rent income 9 900 Commission income 7 700 Packing material 2 600 Insurance 400 Sundry expenses 11 200 Dividends on ordinary shares (interim) 5 000