Question: Dear Tutor Balances as at 28 February 2017 Member's contribution: John _ Members contribution: Tarr _ Revaluation surplus (1 March 2016) . Retained earnings (1


Dear Tutor


Balances as at 28 February 2017 Member's contribution: John _ Members contribution: Tarr _ Revaluation surplus (1 March 2016) . Retained earnings (1 March 2016). Long-term loan _ Land and buildings at valuation (1 March MachinelY at cost Vehicles at cost Accumulated depreciation: Machinery _ _ Accumulated depreciation: Vehicles _ Investments at cost__ Inventory Trade receivables control.... Trade payables control Bank overdraft SARS (Income tax) Distribution to members Profit for the year (before any applicable additional information) 360 ooo 465 ooo 150 ooo 112 500 337 500 1 080 ooo 600 ooo 225 ooo 120 ooo 81 ooo 120 ooo 75 ooo 96 300 48 000 3 ooo 37 800 75 ooo 556 500
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