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REQUIRED Use the information provided below to prepare the Statement of Changes in Equity of Sunray Traders for the year ended 28 February 2023 INFORMATION
REQUIRED Use the information provided below to prepare the Statement of Changes in Equity of Sunray Traders for the year ended 28 February 2023 INFORMATION EXTRACT FROM THE LEDGER OF SUNRAY TRADERS AS AT 28 FEBRUARY 2023 Debit Credit R R Capital; Sunny 600000 Capital: Raymond 400000 Current alc: Sunny (01 March 2022) 60000 100000 Current alc: Raymond (01 March 2022) 500000 Drawings: Sunny 700000 Drawings: Raymond The following must be considered: (a) On 28 February 2023 the Statement of Comprehensive income reflected a net profit of R1 400000. (b) The partners are entitled to interest at 15% p.a. on their capital balances. Note: Raymond decreased his capital contribution by R200 000 on 31 August 2022 whilst Sunny increased his
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