Question 4 (Marks: 30) The financial year end of Petrea General Dealers is 31 December. The...

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Question 4 (Marks: 30) The financial year end of Petrea General Dealers is 31 December. The transactions for the past financial year ending on 31 December 2021 have been fully recorded in the ledger. The following pre-adjustment trial balance was prepared on the 31 December 2021: PETREA GENERAL DEALERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 31 DECEMBER 2021 Inventory (1/1/2021) Purchases Sales Stationery Rent expense Salaries and wages Rent income Sundry expenses Interest income Trade Receivables Trade Payables Investment Land and buildings Furniture (All purchased 2/1/2021) Capital Drawings Additional information: 100 000 700 000 960 000 50 000 65.000 80000 2600 6350 6750 120.000 80 000 90000 410 000 50 000 670.000 48 000 1719 350 1719 350 . Inventories amounting to R160 000 were on hand at 31 December 2021 Unused stationery amounted to R10 000 at 31 December 2021. Rent expense amounts to R5 000 per month. The rent for January 2022 had already been paid on 28 December 2021 Rent income according to a sub-letting agreement, amounts to R200 per month. The rent for January 2022 had already been received on 29 December 2021 Question 4 (Marks: 30) The financial year end of Petrea General Dealers is 31 December. The transactions for the past financial year ending on 31 December 2021 have been fully recorded in the ledger. The following pre-adjustment trial balance was prepared on the 31 December 2021: PETREA GENERAL DEALERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 31 DECEMBER 2021 Inventory (1/1/2021) Purchases Sales Stationery Rent expense Salaries and wages Rent income Sundry expenses Interest income Trade Receivables Trade Payables Investment Land and buildings Furniture (All purchased 2/1/2021) Capital Drawings Additional information: 100 000 700 000 960 000 50 000 65.000 80000 2600 6350 6750 120.000 80 000 90000 410 000 50 000 670.000 48 000 1719 350 1719 350 . Inventories amounting to R160 000 were on hand at 31 December 2021 Unused stationery amounted to R10 000 at 31 December 2021. Rent expense amounts to R5 000 per month. The rent for January 2022 had already been paid on 28 December 2021 Rent income according to a sub-letting agreement, amounts to R200 per month. The rent for January 2022 had already been received on 29 December 2021