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Use the information provided below to prepare the Statement of Financial Position of Trent Limited as at 31 July 2023. The notes to the financial
Use the information provided below to prepare the Statement of Financial Position of Trent Limited as at 31 July 2023. The notes to the financial statements are not required. INFORMATION TRENT LTD Extract of PRE-ADJUSTMENT TRIAL BALANCE AS AT 31 JULY 2023 Balance Sheet Accounts Section Debit (R) Credit (R) Ordinary share capital (200 000 shares) 4000000 Retained eamings 589200 Land and buildings 3904100 Vehicles (cost) 1400000 Equipment (cost) 900000 Accumulated depreciation on vehicles 510000 Accumulated depreciation on equipment 397000 Debentures ( 12% p.a.; Maturity date 31 July 2028) 1700000 Investment (25 000 shares in ABC Limited) 500000 Trading inventory 1090000 Debtors control 360000 Provision for bad debts 30000 Bank 287000 Creditors control 484000
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