PYTHON TRADERS PRE-ADJUSTED TRIAL AS AT 1 MARCH 2021 Debit R Credit R 186 980 23 000 24 000 8 400 102 700 80 000 2000 45 900 2 890 21 300 12 100 16 000 1 200 2 300 213 000 Capital Drawings Office Equipment at cost Accumulated depreciations office equipment Bank Fixed deposit at 12% pa Petty cash Inventory 101/04/2020 Pre-paid insurance Debtors control Creditors control Rent received in advance Allowance for credit losses Stationery on hand Sales Purchases Sales Returns Purchase returns Rental income Interest on fixed deposit Freight charges on purchases Freight charges on sales Salaries and wages Settlement discount granted Custom duties Import tariffs Achvertisement Administrative expenses Water and electricity Repairs and maintenance 85 600 1 050 5.000 3200 8 800 4 700 3 000 34 800 400 1 900 3 900 800 2 200 8 650 3 600 454 680 454 680 Additional information (a) The entity took a fire insurance policy on 1 January 2021 and paid a premium of R2 880 to cover the entity until 31 December 2021. (b) on 31 March, 2021 the following was still on hand: Trading inventory, R23 000 Stationery, R1 500 An employee's salary of R4 500 was still outstanding on 31 March 2021 d) The tenant moved into the building on 30 November 2020 and paid his rent for 2 months. No deposit was required. e) Office equipment is depreciated at 20% per annum on a straight line basis. Take into account that a new computer was bought on 1 August 2020 for R12 000 The fixed deposit was invested a few years ago. Interest on the investment is credited to the current bank account 8) Python Dealers determined that the allowance for credit losses account should amount to R1 065 at 31 March, 2021. 1) Prepare the statement of profit or loss and other comprehensive income for Python Dealers for the year ended 31 March, 2021 (15) 2) Prepare the statement of Financial Position of Python Dealers as at 31 March, 2021. (11) 3) Prepare the statement of changes in equity of Python Dealer for the year ended March, 2021. (4)