Trial balance as at 28 February 2019 Member's contribution: Mr Geza Member's contribution: Mr Muzi Retained earnings (1 March 20.18) Loan from member: Mr Geza Distribution to member: Mr Geza Distribution to member: Mr Muzi Loan to member: Mr Muzi Allowance for credit losses Land and buildings at cost Equipment at lost Investment (fixed deposit at SR Bank) Trading inventory Consumable inventory Long-term loan: LA Bank Accumulated Depreciation: Equipment Interest received Accrued expenses Interest received Accrued expenses R 200 000 150 000 138 600 70 000 32 000 48 000 120 000 3 000 210 000 165 000 50 000 140 500 6 200 60 000 62 320 40 000 6 800 4 000 6 800 3 500 Prepaid expenses Bank( overdraft) Petty cash Trade receivables control Trade payables control SARS (Income tax)(Dr) 21 120 700 70 440 31540 70 20 2 Additional information 2.1. 2.2. 2.3. 2.4. The investment at SR Bank was made on 1 May 20.17 for 24 months at 12% interest per annum. The interest received in cash, every six months, on 31 October and 30 April. The loan from Mr Geza is unsecured and the first instalment of R15 000 is payable on 1 March 20.19. The loan to Mr Muzi is unsecured, interest free and immediately callable An income tax for the amounted to R50 570 The long-term loan from LA Bank was obtained on 1 March 20.15 at 15% interest per annum and is secured by a. First mortgage over land and buildings. The capital amount of the loan is payable on 28 February 20.24. Interest on the loan is payable in cash on 2 March every year Question 6 Which of the following alternatives represent the amount for non-current assets in the statement of financial position of Shukela CC for the year ended 28 February 20.19? A. R410 190 B. R703 020 C. R773 440 D. R722 870 E. R312 680