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- The premises have been rented out for the past five years. The rent receivable for January 2023 has been received and recorded. The monthly
- The premises have been rented out for the past five years. The rent receivable for January 2023 has been received and recorded. The monthly rental has remained the same for the last year. - Loan: Wonder Bank - Provide for interest of R212 400 for the year ending 31 December 2022. This entry has not yet been processed. - An old delivery vehicle was sold for R88 400 cash on 30 September 2022. This has been correctly recorded. Details of the delivery vehicle sold: - Cost price R198000 - Accumulated depreciation on date of sale R115 500 - Provide for depreciation as follows: - On vehicles at 25% p.a. on cost On equipment: R90 500 Required: Q.4.1 Prepare the Statement of profit or loss and other comprehensive income of Astro (45) Traders for the year ended 31 December 2022. [TOTAL MARKS: 100] (C) The Independent Institute of Education (Pty) Ltd 2023 Page 6 of 6
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