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The pre-adjustment trial balance of Platform Traders for the year ended 28 February 2019 reflected the following balances Trading inventory R14 502 Cleaning material R450
The pre-adjustment trial balance of Platform Traders for the year ended 28 February 2019 reflected the following balances Trading inventory R14 502 Cleaning material R450 Packaging material R1 980 Stationery R940 During the physical inventory count, which was held on the 27 and 28 February 2019 the following inventory was on hand trading inventory to the amount of R13 984, stationery to the amount of R148, packaging material to the amount of R232 and cleaning material to the amount of R120. Which one of the following adjustment journal entries would need to be processed, to ensure that the consumable inventory amounts to be disclosed in the statement of profit or loss and other comprehensive income of Platform Traders and in the statement of financial position of Platform Traders as at 28 February 20.19 is correct? . Account to be debited Inventory: Cleaning material Inventory: Packaging material Inventory: Stationery Account to be credited Cleaning material Packaging material Stationery Amount R120 R232 R148 B Account to be debited Trading stock deficit Inventory: Cleaning material Inventory: Packaging material Inventory Stationery Account to be credited Trading Inventory Cleaning material Packaging material Stationery Amount R518 R120 R232 R148 Account to be debited Trading inventory Inventory: Cleaning material Inventory: Packaging material Inventory: Stationery Account to be credited Trading account Cleaning material Packaging material Stationery Amount R13 984 R120 R232 R148 D Account to be debited Trading stock deficit Inventory: Packaging material Inventory Stationery Account to be credited Trading inventory Packaging material Stationery Amount R618 R1 748 R792 CE Account to be debited Trading stock deficit Inventory: Cleaning material Inventory: Packaging material Inventory Stationery Account to be credited Trading inventory Cleaning material Packaging material Stationery Amount R518 R330 R1 748 R792
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