ASSET Inventory Land Book Value Market Value 10,000 14,000 25,000 30,000 Plant 20,000 (less depn) 3,000...

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ASSET Inventory Land Book Value Market Value 10,000 14,000 25,000 30,000 Plant 20,000 (less depn) 3,000 17,000 22,000 Acounts Receivable 16,000 14,000 Share Capital 380,000 General Reserve 70,000 Retained Earnings 62,000 Trial Balances As at 30 June 2017 Jane Ltd Tarzan Ltd DR CR DR CR Sales Revenue 1,192,500 932,500 Cost of Sales Wages and Salaries 888,000 676,000 61,000 32,000 Depreciation Expense Service Expense 5,200 4,800 3,500 4,800 Interest Expense 7,000 1,200 Other Expenses 4,000 9,000 Gain on Sale of Non Current Assets 10,000 Service Revenue 4,800 5,000 Interest Revenue 1,200 7,000 Dividend Revenue 16,000 Income tax expense 97,120 118,480 Retained Earnings 1/7/16 100,820 70,280 Dividend Paid 10,000 7,000 Dividend Declared 12,000 9,000 Share Capital 500,000 380,000 General Reserve 146,000 70,000 Other Equity 1/7/16 4,000 12,000 Gains on Financial Assets (OCI) Loan Payable to Jane Ltd 1,000 6,000 16,000 Deferred Tax Liability 52,000 30,000 Dividend Payable 12,000 9,000 Shares in Tarzan Ltd 524,000 Cash 86,000 147,500 Inventories 169,500 36,000 Other Current Assets 11,000 300,000 Dividend Receivable 9,000 Loan receivable from Tarzan Ltd 16,000 Financial Assets 15,000 68,000 Plant and Equipment 52,000 28,000 Acc. Depreciation Plant 10,000 14,000 Land 70,000 120,000 2,040,320 2,040,320 1,561,780 1,561,780 ASSET Inventory Land Book Value Market Value 10,000 14,000 25,000 30,000 Plant 20,000 (less depn) 3,000 17,000 22,000 Acounts Receivable 16,000 14,000 Share Capital 380,000 General Reserve 70,000 Retained Earnings 62,000 Trial Balances As at 30 June 2017 Jane Ltd Tarzan Ltd DR CR DR CR Sales Revenue 1,192,500 932,500 Cost of Sales Wages and Salaries 888,000 676,000 61,000 32,000 Depreciation Expense Service Expense 5,200 4,800 3,500 4,800 Interest Expense 7,000 1,200 Other Expenses 4,000 9,000 Gain on Sale of Non Current Assets 10,000 Service Revenue 4,800 5,000 Interest Revenue 1,200 7,000 Dividend Revenue 16,000 Income tax expense 97,120 118,480 Retained Earnings 1/7/16 100,820 70,280 Dividend Paid 10,000 7,000 Dividend Declared 12,000 9,000 Share Capital 500,000 380,000 General Reserve 146,000 70,000 Other Equity 1/7/16 4,000 12,000 Gains on Financial Assets (OCI) Loan Payable to Jane Ltd 1,000 6,000 16,000 Deferred Tax Liability 52,000 30,000 Dividend Payable 12,000 9,000 Shares in Tarzan Ltd 524,000 Cash 86,000 147,500 Inventories 169,500 36,000 Other Current Assets 11,000 300,000 Dividend Receivable 9,000 Loan receivable from Tarzan Ltd 16,000 Financial Assets 15,000 68,000 Plant and Equipment 52,000 28,000 Acc. Depreciation Plant 10,000 14,000 Land 70,000 120,000 2,040,320 2,040,320 1,561,780 1,561,780