Using the information given above record the necessary year Prepare a post adjust trial balance for N & N enterprises as at 31 December 2010

Question 3 NAN ENTERPRISES TRIAL BALANCE AS AT 31 DECEMBER 2010 130 000 11 000 50 000 81 000 14 000 14 000 100 000 82 000 37 200 90 000 500 000 283 300 Capital Drawings Mortgage loan (8%) Land and buildings Furniture and equipment Bank Inventory (1 January 2010) Debtors control Fixed deposit Creditors control Sales Purchase Interest income Rent income Freight charges on purchases Advertising Insurance Credit losses Administration expenses Property rates and taxes Interest expenses Water, electricity and telephone Salaries 800 2 400 5 000 9 800 5 000 2 600 30 000 9 600 3000 10 000 76 000 773 200 773 200 Additional information relating to the year-end adjustments is as follows On 1 August 2010 N&N Enterprises rent out a part of their premises to Oli Traders for 12 Months a cheque for R2 400 was received on that date for the entire year's rent The interest earned on the fixed deposit amounted to R1 060, but was not yet received An amount of R3 500 of the insurance expenses was prepaid for next year The advertising expense includes a payment of R2 400 made to Count News Magazine for Advertisements to be published from January 2011 Salaries eamed by employees but not yet paid at 31 December 2010 amounts to R800 (N.B Please turn over Question continues)