Question 4 (20 Marks) Bay Holdings Limited: 30 June 2021. Required: Statement of financial position as at: 30 June 2021 Information BALANCE SHEET ACCOUNTS Ordinary share capital 2 648 000 Retained income (1 Jul 2020) 490 000 Shareholders for dividends 280 000 Fixed deposit 60 000 Mortgage bond 336 000 Fixed/tangible assets (Carrying value) 4 021 000 Debtors control 45 000 Creditors control 85 200 Creditors for salaries 12 300 Provision for bad debts ? SARS (Income tax) 400 000 SARS (PAYE) 6 650 Expenses payable (accrued) 7 200 Income receivable (accrued) 7 950 Bank 28 450 Trading stock/inventory 129 600 Question 4 (20 Marks) Bay Holdings Limited: 30 June 2021. Required: Statement of financial position as at: 30 June 2021 Information BALANCE SHEET ACCOUNTS Ordinary share capital 2 648 000 Retained income (1 Jul 2020) 490 000 Shareholders for dividends 280 000 Fixed deposit 60 000 Mortgage bond 336 000 Fixed/tangible assets (Carrying value) 4 021 000 Debtors control 45 000 Creditors control 85 200 Creditors for salaries 12 300 Provision for bad debts ? SARS (Income tax) 400 000 SARS (PAYE) 6 650 Expenses payable (accrued) 7 200 Income receivable (accrued) 7 950 Bank 28 450 Trading stock/inventory 129 600