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The following pre - adjustment trial balance was prepared for Astro Traders: Additional information: - The mark - up achieved is ( 1 6
The following preadjustment trial balance was prepared for Astro Traders: Additional information: The markup achieved is on cost The correct gross profit is R Packing materials used during the financial year was R Received and recorded R from the insolvent estate of a debtor which paid out cents in the rand. The remaining amount must be written off. Adjust the allowance for credit losses to R One of the employees was on sick leave and was omitted from the Salaries Journal for December The salary payable to this employee was R The premises have been rented out for the past five years. The rent receivable for January has been received and recorded. The monthly rental has remained the same for the last year. Loan: Wonder Bank Provide for interest of R for the year ending December This entry has not yet been processed. An old delivery vehicle was sold for R cash on September This has been correctly recorded. Details of the delivery vehicle sold: Cost price R Accumulated depreciation on date of sale R Provide for depreciation as follows: On vehicles at pa on cost O On equipment: R Required: Q Prepare the Statement of profit or loss and other comprehensive income of Astro Traders for the year ended December
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