$\backslash$table$[[$Real accounts,Fol.,Debit,Credit$],[$Capital$,$B$1,,192375],[$Motor vehicles at cost$,$B$2,245000,],[$Accumulated depreciaton: motor vehicles,B$3,,147000],[$Computer equipment at cost$,B4,63900,],[$Accumulated depreciaton: computer equipment,$B5,,23004],[$Land and buldings,$B6,752000,],[$Loan from: Peoples Bank,$B7,,71000],[$Mortgage bond: Peoples Bank,$B8,,485000],[$Fixed deposit Peoples Bank,B$9,77000,],[$Bank$,$B$10,25880,],[$Petty cash,B$11,1050,],[$Inventory$,$B$12,178550,],[$Accounts receivable,B$13,98545,],[$Accounts payable,B$14,,67899],[$Nominal accounts,,,$],[$Sales$,$N$1,,3322486],[$Interest income,N$2,,6738],[$Rent income,N$3,,137200],[$Insurance refund,N$4,,12500]]$

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CONSTRUCTION ACCOUNTING III$-$CSA$3$OSD ASSIGNMENT DUE DATE: $13$ SEPTEMBER $2024$

$\backslash$table$[[$Purchases$,$N$7,1658775,],[$Advertising$,$N$8,18552,],[$Accounting fee,N$9,27000,],[$Bank charges,N$10,15546,],[$Creditlosses$,$N$11,12355,],[$Consulting fees,N$12,55000,],[$Interest expense,N$13,50967,],[$Insurance$,$N$14,47250,],[$Stationery$,$N$15,745,],[$Motor vehicles expenditure,N$16,19885,],[$Courier and postage,N$17,2745,],[$Repairs and maintenance,N$18,48774,],[$Salares and wages,N$19,787445,],[$Subscriptons$,$N$20,14000,],[$Legal fees,N$21,7988,],[$Donations$,$N$22,1680,],[$Staft welfare,N$23,28774,],[$Staff training,N$24,83760,],[,,1362106,1],[362,,,]]$

Additional information:

Insurance includes an amount of R$18900,$ which was paid for a sixmonth period from $10$ ctober $2020$

Closing inventory as at $31$ December $2020$ amounted to R$274886$

Rent income was received for the period $1$ January $2020$ to $28$ February $2021.$ Rent income is fixed monthly payment.

Page $3q,$

$q,$

CONSTRUCTION ACCOUNTING III$-$CSABO$5$D ASSIGNMENT DUE DATE: $13$ SEPTEMBER $2024$

Subscriptions paid is only for $10$ months instead of $12$ months. Subscriptions are equal monthly premiums.

Interest on the fixed deposit only reflects interest from $1$ January $2017$ to $31$ July $2020$

People Bank is still obligated to pay interest for the rest of the year

Depreciation for the year needs to be raised. Computer equipment is depreciated at $20\%$

p$.$a$.$ on the reducing$-$balance method, and motor vehicles at $20\%$ p$.$a$.$ on straight$-$line method. Depreciation for building amounted to R$71000$ for the year.

Interest on non$-$current liabilities has only been paid for $11$ months. Interest should represent the full $12$ months.

An additional credit loss amounting to R$3888$ needs to be written off as per Mr Wilson

Allowance for credits losses must be provided at $7\mathrm{.}5\%$ of gross trade recetivable. receivable.

You are required too

$1.$ Prepare the post adjustment trial balance at $31$ December $2020.(38\mathrm{.}5$ marks$)$

$2.$ Prepare the statement of profit or loss for the year ended $31$ December $2020.(13\mathrm{.}5$ marks$)$

$3.$ Prepare the statement of financial position as at $31$ December $2020($N$.$B only the asset part$)(8$ marks$)$