QUESTION 5 FINANCIAL STATEMENT Use the following trial balance to prepare the Statement of Financial Position of FIZONZ, a speciality ladies! store, on 28 February 2018 Credit 850 000 220 000 140 000 FIZONZ POST-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY 2018 Balance Sheet Accounts Debit Capital Drawings 135 000 Premises 830 000 Vehicles 500 000 Equipment 270 000 Accumulated Depreciation Vehicle Accumulated Depreciation Equipment Fixed Deposit: ABSA 60 000 Trading inventory 120 000 Consumables on Hand 3000 Debtors control 58 000 Provision for Bad Debts Bank Cash Float 3000 Petty Cash 2000 Loan: 1. Bank Creditors Control Accrued Income 7500 Accrued Expenses Deferred Income Prepaid Expenses 4000 2500 8000 180 000 49000 5000 8 000 Profit and loss Net Profit 530 000 1992 500 1992 500 Additional information The following have not been taken into account: A fred deposit of R20 000 matures on 01 December 2018 An annual loan repayment of R60 000 is made on 30 June The current years repayment has been made and properly recorded