the information was extracted from the accounting records on 28 February 2023, the end of the financial year prepare the statement of financial position , show workings where applicable

PRE-ADUSTMENT TRIAL BALANCEAS AT 28 FEBRUARY 2023 Adubtmants bnd addirtonal informalion 1. Acsording to physical sockiaking on 28 February 2023 , the following warb on harid: 1.1 Trading imentory, R622 000 12 Cendurnabls stores, pe 000. 2. Prent has been paid up to 31 March 2023. 3. A debtor who owed Ra 000 oould not be traced. It was decided to wrile oft his account. 4. The provieion for bad debis must be increased to R14 400 . 5. Provide for the outstanding interest on the mortgage loan for the last month of the financial year. The loan balarice is expected is be reduced by R60 000 in the next financial year by means of monthly repayments. 6. The ineurance total inclvese ari ammai gramidin of R12 000 that was paid on 01 June 2022. 7. Bank charges which appeared ori the Fetruary zild batk statement have not been recorded, Rogd:. 8. On 28 Fobruary 2028 an amount of Pl 008 was rssired from p. Villars whose account was wntten oif on 08 January 2023. No cithy was made for the rocest 9. A payment of R6 000 tor the telephone account was errisneeusly dabitad to the drawings account. Conect the artrit. 10. A debtor whose account was overdue must he tha gut fichil intersat. 11. R400 was pad from petty cash for wages to a lemperary empiayse. No entry was made for this. 12. Provde for depreciation as tollows: 12.1 On equipenent at 10% on cost. 122 On vehices at 20% per annum on the diminishing balance. 13. The net profit for the year ended 28 February 2023 after considering the above adjustments and additional inlormation, was Risb 600