Required: Statement of Financial Position as at: 30 June 2021. N.B. Show your workings in brackets. Stellenbosch Ltd Pre-Adjustment Trial Balance at: 30 June 2021.

Adjustments and additional information 1. Provision for bad debts must be increased by R1 840.

2. Trading inventory according to stocktaking on 30 June 2021 amounted to R96 000. 3. Depreciation must be provided for as follows: - Vehicles at 20% on cost. Equipment at 28% on cost. 4. A portion of unsecured loan from Neo Bank R24 000 is payable in the next financial year. Provide for outstanding interest on loan. 5. Outstanding interest on loan from Neo Bank amounts to R26 000 6. a dividend of R9 600 is receivable on the listed shares in DSL Ltd. 7. A cash amount of R16 000 that went missing in our account miraculously appeared in our June bank statement. Make the necessary entry. 8. The authorised share capital consists of 500 000 ordinary shares. Note than on 01 January 2021 the company issued 100 000 shares at R1 each. 9. The income tax for the year amounted to R62 400. 10. Companys directors declared a total of R48 000 for dividends. 11. Profit after tax amounted to R125 400.

\begin{tabular}{|l|l|l|} \hline & Debit & Credit \\ \hline Balance sheet accounts section & R & R \\ \hline Ordinary share capital & & 400000 \\ \hline Retained income & & 432000 \\ \hline Loan Neo Bank(10.5\% p.a) & & 264000 \\ \hline Loan Vee Bank (12\% p.a) & & 200000 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Land and buildings & 991600 & \\ \hline Equipment & 150000 & \\ \hline Vehicles & 80000 & \\ \hline Accumulated depreciation on equipment & & \\ \hline Accumulated depreciation on vehicles & 112000 & 14000 \\ \hline Inventory & 48000 & \\ \hline Fixed deposit & & \\ \hline \end{tabular} South African Receiver of Revenue \begin{tabular}{|l|l|l|} \hline Bank & 114260 & \\ \hline & & \\ \hline Nominal accounts section & & \\ \hline Sales & 10000 & 1055080 \\ \hline Debtors allowances/Returns & 507800 & \\ \hline Cost of sales & 6000 & \\ \hline Carriage on sales & 3600 & \\ \hline Motor expense & 3880 & \\ \hline Discount allowed & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Interest on loan & 36960 & \\ \hline Commission income & 128000 & 36100 \\ \hline Salaries & 29740 & \\ \hline Sundry expenses & 29160 & \\ \hline Repairs & 12000 & \\ \hline Audit fees & 60000 & \\ \hline Directors fees & 2498000 & \\ \hline & & \\ \hline \end{tabular}