Question 1 43 Marks Phala-Phala is a retailer, selling mango to Otavi local residence. The retailer does not keep full set of records. The following records have been extracted from the books as at 30 June 2022. 30 June 2021 30 June 2022 NS N$ Fixtures and Fittings - Cost 20,000 To be determined Accumulated depreciation - Fixtures 8,000 To be determined Motor Vehicle - Cost 22,000 To be determined Accumulated Deprection - Motor Vehicle 4,180 To be determined Inventory 18,000 33,900 Trade Receivables 10,000 12,000 Allowances for Receivables 500 To be determined Prepayments-Rates 400 450 Bank 2,000 (15,500) Cash 600 600 Trade Payables 4,000 4,600 Accruals - Light and Heat 250 300 The following is the cash and bank for the year ended 30 June 2022. Balance b/f Receipts: Cash sales From receivables Cash (N$) 600 Bank (NS) 2,000 15,000 140,000 30,000 Loan received (Long term loan) Page 11 of 23