Question
QUESTION 2 REQUIRED Use the information provided below to prepare the Statement of Financial Position of Trent Limited as at 31 July 2023. The notes
QUESTION 2 REQUIRED Use the information provided below to prepare the Statement of Financial Position of Trent Limited as at 31 July 2023. The notes to the financial statements are not required. INFORMATION TRENT LTD Extract of PRE-ADJUSTMENT TRIAL BALANCE AS AT 31 JULY 2023 Balance Sheet Accounts Section Ordinary share capital (200 000 shares) Retained eamings Land and buildings Vehicles (cost) Equipment (cost) Accumulated depreciation on vehicles Accumulated depreciation on equipment Debentures (12% p.a.; Maturity date 31 July 2028) Investment (25 000 shares in ABC Limited) Trading inventory Debtors control Provision for bad debts Bank Creditors control South African Revenue Services: Company tax Debit (R) 3 904 100 1 400 000 900 000 500 000 1 090 000 360 000 287 000 140 000 Credit (R) 4 000 000 589 200 510 000 397 000 1 700 000 30 000 484 000
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