RFOURED INFCRuAToN Adestmants and asssoset ido nution Adjustments and additional information The proft aser tax for the year ended 31 Juy 2023 amounded to R392 100. The following adistments were made to the ncome and expenses but not to the belance shset accounts: 1. A physical stocktake on 31 July 2023 revealed the followng 1.) Trading inventory on hand amourted to R1 050000 . 1.2 Stationery unused amountad to R2 000 2. Rent for August 2023 was rectived and recorded on 31 July 2023, R14 000 3. Oniberds of 70 cents per share are die from ABC Limited. 4. Commissign on sales of R30000 is owed to the salespersons. 5. Equipment, cost pence R120 000, was purchased on credit on 01.2122023 but no entry has been made for this. Depreciation on equipment is calculated at 15% pa. co cost and co vehicles af 20%, pa on the dininishing balance. 6. The bark stakment was receined after the lral balance wat prepared and it reflocted bank charges of R1 600 7. The provision for bad debts must be adjusted to 5% of debtors. 8. Two of the drectors of the company are owed remuneration of R20000 each. 9. Based on the profit for the year, an amount of R30000 is s.ll owed to South African Revenue Services for company tax. 10. The directars declarod a find dividend of 12 cents per share. The irterim dividend amounted to R100000