QUESTION 1 BUSINESS CALCULATIONS (20 MARKS) The following trial balance relates to Mageba Store as at 30 November 2021, the last day of the financial year of the business: Trial balance of Mageba Store for the year ended 30 November 2021 Fol. Debit (R) Credit (R) Balance sheet section Capital 1 December 2012 Drawings B1 625 440.50 B2 3 127.20 Property B3 938 160.75 Furniture & Fittings B4 500 352.40 Office Machinery B5 756 783.01 Fixed deposit B6 75 052.86 Bank B7 16 261.45 Debtors control B8 28 144.82 Petty cash B9 3 439.92 Trading inventory B10 17 199.61 Mortgage loan B11 1067 126.57 Creditors control B12 33 148.35 Cash float B13 8 443.45 Credit Card account B14 89 750.71 SARS (UIF/SDL/PAYE) B15 22 828.58 Nominal accounts section Sales N1 938 160.75 Sales returns N2 75 052.86 Cost of sales N3 375 264.30 Service income N4 75 052.86 Delivery income N5 35 024.67 Rent income N6 218 904.18 Rent expense N7 55 664.20 Credit losses N8 7 630.37 Wages and salaries N9 140 724.11