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The following is the Trial Balance of Slytherin Traders. The entity's year-end is 30 June 2022. The Trial Balance as at 30 June 2022 is

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The following is the Trial Balance of Slytherin Traders. The entity's year-end is 30 June 2022. The Trial Balance as at 30 June 2022 is shown below: Additional Information: 1. Depreciation is calculated on a straight-line basis at 15% per annum, on cost. Depreciation for the current year has not yet been provided for. All assets were bought on 1 July 2021. 2. A debtor, owing R4 680 , should be written off as irrecoverable. 3. Included in the rental income amount is R680 that relates to the July 2022 rental. 4. An amount of R4 180 for water and electricity is still due at year-end and has not yet been accounted for. 5. A physical stock count was performed at year-end and revealed inventory worth R30 680 . 6. The income tax expense was correctly calculated. 3.1 Prepare the General Journal entries to account for the adjustments mentioned above (under Additional information) as at 30 June 2022. (10) 3.2 Prepare a Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2022. (10) TOTAL MARKS: 50

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