$00$:$17$

LTE

Edge

$\backslash$table$[[$Advertising$,$N$12,40000,],[$Credit losses,N$13,5120,],[,,,],[,,1898220,1898220]]$

Adjustments at year end $28$ February $2025$:

$\backslash$table$[[1.,\backslash$table$[[$According to a physical stocktake, the following was on hand on $28],[$February $2025$:$],[-$ Trading inventory R$19000],[-$ Stationery R$900],[-$ Consumable goods, R$250]]],[2.,$Depreciation on vehicles must be accounted for at a rate of $20\%$ on the reducing balance method. No vehicles were bought or sold during the year.$],[3.,$Rent for March $2025$ was received in advance R$2000.],[4.,$Interest on the fixed deposit for February $2025$ for R$210$ has not been received.$],[5.,$Telephone for March $2025$ R$1800$ has been paid.$],[6.,$Adjust the allowance for credit losses to the amount of R$700.]]$

Required:

Q$\mathrm{.}3\mathrm{.}1$ Prepare the general journal entries for the adjustments.

$(24)$

Narrations are not required.

Your first journal voucher is JV$1.$

Q$\mathrm{.}3\mathrm{.}2$ Prepare the following notes to the financial statements:

$(10)$

Inventories $($note $5).$

Trade and other receivables $($note $6).$

Q$\mathrm{.}3\mathrm{.}3$ Prepare the statement of comprehensive income of Ardie Savea

$(21)$

Enterprises for the year ended $28$ February $2025.$ Show all your workings.

$[$TOTAL MARKS: $100$