prepaire statement of comprehensive income for Ryobi traders the year ended $29$ february $2024$

Additional information and adjustments

$1.$ Physical stocktaking on $29$ February $2024$ revealed the following inventories:

$1\mathrm{.}1$ Trading inventory, R$200000$

$1\mathrm{.}2$ Stationery, R$600.$

$2.$ Rent has been paid up to $31$ January $2024.$ Make the necessary adjustment.

$3.$ A debtor who owed R$2000$ was declared insolvent. His account must now be written off.

$4.$ The provision for bad debts must be decreased by R$8400.$

$5.$ Provide for the outstanding interest on the loan from Mi Bank, R$15600.$

$6.$ The telephone account for February $2024$ was due to be paid on $02$ March $2024,$ R$1800.$

$7.$ According to the bank statement service fees of R$600$ were levied by the bank. This has

not been recorded.

$8.$ Received R$6000$ from H$.$ Lino whose account was previously written off. No entry was

made for this.

$9.$ A debtor whose account was overdue for one month must be charged interest at $12\%$ p$.$a$.$

on the account balance of R$10000.$

$10.$ Provide for depreciation as follows:

$10\mathrm{.}1$ On vehicles at $20\%$ per annum using the diminishing balance method.

$10\mathrm{.}2$ On equipment at $10\%$ per annum on cost$.$