Statememt on Amanzimtoti

TOTI SUPPLIERS ADJUSTMENTS AND ADDITIONAL INFORMATION PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2021 1. No entry was made for trading inventory that was taken byt personal use, R2 000. Debit (R) Credit ( 2. Inventories on 28 February 2021 according to physical stocktaking 870 Trading inventory R135 000 Balance sheet accounts section Capital Drawings Land and buildings Vehicles at cost Stationery R2 000 234 000 608 700 275 000 203 000 3. The telephone account of R1 000 for February 2021 was erroneous! +1000 February 2021 and 27 February 2021. 94 January 2021 4. Rent has been received up to Equipment at cost Accumulated depreciation on vehicles (1 March 2020) Accumulated depreciation on equipment (1 March 2020) Trading inventory 70 A debtor, P. Peter, was declared insolvent. On 28 February 2021, 5. paid a first and final dividend of 60 cents in the Rand. An amount of 140 000 103 000 and recorded. The balance of his account must now be written of The provision for bad debts must be increased by R1 000. 6. The insurance total includes an amount of R7 200 that was Debtors control Provision for bad debts Bank Cash float 4000 1 500 500 7. November 2020 to 31 October 2021. 60 Interest on loan for February 2021 has not yet been paid. Inte 96 Note: A repayment of R18 000 (excluding interest) is expe 8. Petty cash Creditors control Loan: ATM Bank (12% p.a.) ferretiral L accounts section 15000) 2021 to reduce the loan balance. 1 277 Depreciation must be brought into account each year as f On vehicles at 20% per annum using the diminish 700 000 15 000 9. 000 0) 72 000