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Use the information provided below to prepare the Statement of Financial Position of Trent Limiled as at 31 July 2023. The notes to the financial
Use the information provided below to prepare the Statement of Financial Position of Trent Limiled as at 31 July 2023. The notes to the financial statements are not required. INFORMATION Adjustments and additional information The profit afer tax for the year ended 31 July 2023 amounted lo Rze2 100. The following adustmerts were made to the income and experses but nat st the balance sheet accoins: 1. A physical stockake on 31 Juty 2023 rewexed the folloming: 1.1. Tracing invensory co hand amouned b R1 050000 . 12 Statonery unused ancunted to Re 000 3. Dividents of 70 cents per share ate due from ABC Limiled. 4. Commission on sules of R30 Dod is owed to the selespersons. 5. Equipment, cost prica R120 000, wes purchased on crecit an 01 Juy 2023 but no entry has been mede for this. Depreciation on equionent is calculated at 15%. a on cost and on vehcles at 20% pa. on the ciminsting balanca. 6. The bank statement was ceceved after the tha balanca was prepared and it refected bank charges of R1 800 . 7. The provison ior bad detis rust be adusted to 5% of ocebtors. 8. Two of the drectors of the company are owed semuneration of R20 030 bach. for cosmony ax R100000
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