- TUTORIAL LETTER BUSINESS ACCOUNING 1A SEMESTER 1/2020 BAC1100 Required: Prepare the Statement of Profit or Loss for the reporting period ended 31 December 2019 (12) b. Prepare the Statement of Financial Position as at 31 December 2019 (15) MARKS: 13 Question z al You are given the following transactions of Fixing Fridges, a sole trader, which repairs refrigerators in Oshakati Fixing Fridges is a registered VAT vendor 0 Bought spare parts with a cheque to perform repairs from Speedy Spares for NS 230 (including VAT) Speedy is a registered VAT vendor ) Performed repairs for a customer (who is not registered for VAT for NS 1000 (excluding VAT). The customer paid cash ir) Bought tea, coffee and sugar for the staff members of Fixing Fridges to consume during office hours. This was purchased from Pick and Pay (a VAT vendor) for NS 300 including VAT Paid salaries to staff amounting to NS 18 000 Bought spare parts from a non-registered vendor for NS 800 on Credit Repaired a fridge for a customer on credit. The total amount owing by the customer is NS 1 500 Required a) Prepare the journal entries for the above transactions it no VAT is applicable, state the reason for your answer (TOTAL MARKS: 40) END OF ASSIGNMENT Z