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The following information relates to SIYANDA: Balances as at 31 August 20.3:Plant and machinery (at cost)Accumulated depreciation: plant and machineryR119 000R 65 240Additional information(a) According
The following information relates to SIYANDA: Balances as at 31 August 20.3:Plant and machinery (at cost)Accumulated depreciation: plant and machineryR119 000R 65 240Additional information(a) According to the assets register, plant and machinery consist of two Zeep machines of equal value. Both the machines were purchased and installed on the same date.(b) Depreciation is written off at 20% per annum by the diminishing balance method.(c) On 31 January 20.4, management decided to increase production capacity and purchased a Zack machine on credit from Thulani Ltd for R126 000. One of the Zeep machines was traded in, reducing the amount owing to Thulani Ltd to R98 700.(d) On 1 February 20.4, installation charges on the new machine amounting to R8 400 were paid in credit.REQUIREDPost the above transactions to the general ledger account provided below. Instructions:1. Do not type the amount with any spaces as separators for thousands (eg: 12141)2. Round off to the nearest Rand (eg: 50.56 is 51)3. Only show the amount, do not show the "R" for the Rand sign (eg: 12141)SIYANDAGENERAL LEDGERDr Machinery realisationCr R R20.4 20.4 Jan31AnswerBalance b/d Answer119000Jan31AnswerDepreciation Answer65240 Answer Answer126000 AnswerLoss on sa
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