Question 38 Extract of Pre-Adjustment Trial Balance of New Fashion Not yet Designers as at 28 February 2019. answered Marked out of 20.00 Flag question Adjustments and aciditional information. 1. The owner took R50 worth of stationery for his son, this was not recorded in the books. 2. On 1 March 2017, New Fashion Designers acquired a warehouse as per lease agreement. A rental of R12 000 per month was agreed upon. Rent was increased by 10% on 1 January 2019. Adjust the rent payable accordingly. 3. Write off a further amount as irrecoverable, R770. 4. Salaries had been paid for 15 months. 5. According to the physical stock count, his son, this was not recorded in the books. 2. On 1 March 2017, New Fashion Designers acquired a warehouse as per lease agreement. A rental of R12000 per month was agreed upon. Rent was increased by 10% on 1 January 2019. Adjust the rent payable accordingly. 3. Write off a further amount as irrecoverable, R770. 4. Salaries had been paid for 15 months. 5. According to the physical stock count, Consumable stores, R450 were on hand. 6. Insurance included an amount of R400 which was payable for March 2019. Required. Use the Pre-Adjustment Trial Balance extract, additional information and calculate the amounts to be disclosed in the Income Statement of New Fashion Designers for year ended 28 February 2019 for the following accounts; a. Sales b. Bad debts c. Stationery d. Insurance e. Rent expense f. Consumable stores 9. Salaries