Question 1 (Marks:20) The following information was taken from the fixed assets register of Hogwarts Traders. The vehicles indicated below are the only vehicles owned by the sole trader. The company has a 31 December year end. Hogwarts Traders: Asset Register Hogwarts Traders: Vehicle 1 Date 1 May 2015 Purchased: Date Current Accumulated depreciation depreciation Make and 31 Dec 21 333.33 21 333.33 reg.: 2015 Toyota Hilux 2014 (FG765GP) Benji's Car Sales (Credit) 31 Dec 29 866.67 51 200.00 Purchased from: 2016 Cost Price: 320 000.00 31 Dec 26 880.00 78 080.00 2017 Rate of 31 Dec 24 192.00 102 272.00 10% according to reducing Depreciation: 2018 balance method. Sold to: V. Limited 31 Dec ? ? 2019 Type of Sale: Cash Date sold: 1 July 2019 250 000.00 Selling Price: 2020 Date Current Accumulated depreciation depreciation 31 Dec 7 2 2019 Hogwarts Traders: Vehicle 2 Date 1 August 2019 Purchased: Make and Hyundai Atos reg.: 2019 (ZV109GP) Purchased Hyundai from: Auto(Cash) Cost Price: R150 000 Rate of 15% according Depreciation: to straight line method. Sold to: Type of Sale: Date sold: Selling Price: Required: Prepare the following accounts in the general ledger of Hogwarts Traders for the financial year ended 31 December 2019 ONLY. Start with the opening balances. Balance the accounts at the end of the month. Ignore VAT. Vehicles (34) Accumulated depreciation: Vehicles (9%) Depreciation (2) Asset Disposal (4) Profit/Loss on sale of vehicles. (1) Show all your workings. 2020 Question 1 Q.1.1 General ledger of Hogwarts Traders (Marks:20) (3X) Vehicles B4 Date Details Fol. Amount Date Details Fol. Amount 20 Workings