Question: Complete a,b,c. P6 - 3 After taking early retirement from her career in medicine in Amsterdam, Juliana Engel purchased a campsite, Sunny Days Camping, overlooking

 Complete a,b,c. P6 - 3 After taking early retirement from hercareer in medicine in Amsterdam, Juliana Engel purchased a campsite, Sunny Days

Complete a,b,c.

P6 - 3 After taking early retirement from her career in medicine in Amsterdam, Juliana Engel purchased a campsite, Sunny Days Camping, overlooking the sea near Cape Town, on 2 January 206 and operated it for the following three months without keeping proper accounting records. However, all receipts were deposited intact and a list of all cheque payments was kept. From the relevant sources you are able to complete the following schedule: The following information is relevant: 1. The buildings are estimated to have a 25-year life span and will have to be demolished at the end of their life. The salvage value of the buildings will probably pay for their demolition costs. 2. The furniture was in a fair condition and has a total estimated useful life of five years, when it could be traded in for an estimated C3 000. 3. The C9 600 payment for insurance was a payment made on 2 January 206 for a two-year policy. 4. Approximately a quarter of the office supplies have been used. 5. Wages for the receptionist are paid weekly. An amount of C600 in respect of wages for two days at the end of March was included in the first payment for April. 6. The business rates paid on 11 March 206 are for the year ending 31 December 206. 7. Included in the rentals received is an amount of C3 000 received from a tour operator who paid campsite fees four months in advance, beginning on 1 March. Campsite fees due but not received by 31 March amounted to C1 500 . 8. The mortgage bond requires an annual repayment (at the end of the calendar year) of 10% of the capital and interest calculated at the rate of 4% per annum. You are required to: a. Prepare a statement of comprehensive income for Sunny Days Camping for the three months ended 31 March 206. b. Prepare a statement of changes in equity for Sunny Days Camping for the three months ended 31 March 20X6. c. Prepare a statement of financial position for Sunny Days Camping at 31 March 206

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