Renew VW Help New Home 114 -E21 AaBbce a) AaBt AaBbc Aabbel AaBbcd AaBbcc AaBb 1 An TBodybu. 1 BOOYIL 1Bodytec body et TCOVER TCOM Praga Styles Section B Answer all questions Required Prepare the JOURNAL ENTRES to wind up the soft and to deficiency and distribution to the starters 3 question marks in total Taccounts are NOT required QUESTION ONE Kelly Ms Lid was wound up on 22 August 2000 (12 Marks) Type Answer Herel Crede Kend Thai Bace as 22 August 2020 Detail Cash $45 800 inventores 981 70 Plant and equipment 1020 Land and buildings 312 000 Accurated losses 420 160 Accounts payable Alliance Bank mortgage loan (secured on land and buildings) Share capta 1620 000 ordinary shares issued for 51 each fully paid $832000 208000 1820.000 The following information is relevant (a) The assets were sold and realised the following cash amounts inventores Punt and machinery $624 000 5728 000 (D) The Alliance Bank look possession of the land and buildings, sold them for 5468 000 and after the debt was created paid any excess funds to the bigudiator 1) Liquidation costs were 598 800 7 o