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REQUIRED Use the information provided below to prepare the Post-Adjustment Trial Balance as at 28 February 2022. INFORMATION The information given below was extracted from

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REQUIRED Use the information provided below to prepare the Post-Adjustment Trial Balance as at 28 February 2022. INFORMATION The information given below was extracted from the accounting records of Inanda Traders on 28 February 2022, the end of the financial year. INANDA TRADERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2022 \begin{tabular}{|l|l|} \hline 2872000 & 2872000 \\ \hline \end{tabular} Adjustments and additional information 1. Physical stocktaking on 28 February 2022 revealed the following: 1.1 Trading inventory on hand amounted to R160000. 1.2 Stationery used during the accounting period amounted to R6800. 2. The cost of painting the buildings was debited to the Land and buildings account, R2 000 . Correct the error. 3. Rent income amounts to R3000 per month. Make the necessary adjustment. 4. The telephone account for February 2022, R2 000, was due to be paid on 03 March 2022. 5. An account for advertising was received on 25 February 2022 from the local newspaper for an advertisement that was placed for the sale of the proprietor's personal vehicle. The amount, R6 000, was paid from the bank account of the business on the same date. The Advertising account was debited and Bank account was credited. Correct the error. 6. The insurance total includes an annual premium of R7200 that was paid for the period 01 December 2021 to 30 November 2022. 7. Provide for the outstanding interest on loan for February 2022. Note: The bank capitalises the interest (i.e. interest is added to the loan balance). 8. The investment in fixed deposit was made on 01 June 2021. Provide for the outstanding interest. Interest is not capitalised. 9. Provide for depreciation on equipment at 20% per year using the fixed instalment method. 10. S. Peter, a debtor, was declared insolvent. His insolvent estate paid R3 000 which represented 60% of the amount owing and this has not been recorded. The balance of his account must also be written off. 11. The provision for bad debts must be increased to R2 800

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