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The following information was obtained from the books of F Francis Attorneys: Interest on favourable bank balance N$ 630 Insurance NS 300, bank NS 450,

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The following information was obtained from the books of F Francis Attorneys: Interest on favourable bank balance N\$ 630 Insurance NS 300, bank NS 450, Electricity NS 950, Creditors N\$5 555, Office Equipment N\$1 230, Commission Earned N\$2000, Bad debts N\$ 375, Telephone N\$ 420, Salaries N\$12 550, Advertisement N\$ 2400 , Depreciation N\$ 930 , Stationery on hand N\$ 460, Stationery N\$ 120, Fees earned NS 12700 , Bank charges N $300, Debtors 400 . Using the information given above prepare Trial Balance of F Francis Attorneys for May 2022. Question 2 1. Your trust creditors as at 30 June 2023 total NS 500000 . An examination of these trust creditors are made up as following: 2. (a) Your client Mrs Black has instructed you to invest the sum of NS of 100000 (which you hold in trust) in an interest bearing account for her benefit, pending transfer of an immovable property. (b) You invest the N\$ the 100000 with the Phoenix Bank. (c) When you close the account you receive a cheque of NS 101000 and you issue a cheque for the interest of N\$ 1000 3. (a) Your client Mrs Green instructs you to invest her N\$200000 (which you hold in trust) in unit trusts. (b) You invest in the unit trust and retain the documentation in your client's file. 4. (a)You decide to invest the sum of N$150000 of your surplus trust funds in an interestbearing account with Phoenix Bank. (b) When you close the account you receive a cheque for NS 152000 . (c) You issue a cheque for the interest of N$2000. Required

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