Old MathJax webview

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Can you please help me with this Question

that is all the information given for the question.

It is where it starts and ends

This is all what is given to solve this problem of question 1, so please assist me with this

all the information is on the pictures that I posted on the application, please do assist

QUESTION 1 REQUIRED 1.1 Draw up the Statement of Profitions of BUSAKWE SUPERMARKET for the year Ended 28 February 2021 1.2 Compile the assets section of the Statement of Financial Position 1.3 Show the relevant notewannexure to the Statement of Financial Position (30) 073 1.4 Complete a statement of change in equity (32) NOTE: The business uses the inventory system INFORMATION UNE BUSAKWE SUPERMARKET PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2021 Capital DR CR Drawings 928 345 Loans. Yes bank (16% pa) 271 700 Equipment 500 000 480 500 Vehicles 655 000 Accumulated depreciation on equipment 88 900 Accumulated depreciation on vehicle 72 000 Bank 42 780 Creditors control 36 980 Debtors control 66 580 Trading Stock 225 750 Cash float 9 500 Petty cash 3200 Sales 998 800 Sales returns 33 250 Cost of sales 277 500 Bank charges 14 220 7 200 Discount received Credit loss written off 13 155 120 000 Sundry expenses 320 050 Salaries 29 990 Stationery 5500 Insurance 1 250 Consumable stores BO 500 Interest on loan 38 000 Rent income 2 650 425 2 650 425 ADJUSTMENTS AND ADDITIONAL INFORMATION: 1. The inventory records on the 28 February 2021 reflected the following: Please turn over the page Merchandise R225 799 Consumable stores R 575 2. Provide for depreciation on the following non-current assets. 2.1 Equipment: glulete De preciation at 20% or a diminisheng belance It was decided by the accountant to use the straight line method based at 15% p.a to depreciate vehicles. A new delivery vehicle was purchased from Protea Motors on 1 January 2021 for R265 000 3. Rent was still outstanding for January and February 2021 NOTE The lease agreement stipulates a monthly increase of 10% in rent on the 1 January each year. 2020 4. On the 1 September 2021. it was decided to increase the business fire insurance policy cover to REBO. The monthly insurance premium on this policy was therefore increases by R100 to R500 per month with effect from 1 September 2014 Adjust the insurance premium accordingly. 34 200 5. T Dash has disappeared. Write off his debt of R980 as credit loss 6. Create a provision for credit loss written off at 5% of debtors. 7. Make provision for discount granted at 5% of the debtors. 8. Interest on loan must be adjusted accordingly. 9. Salaries were paid up to 31 December 2007 only 2020 10. The following items appeared in the bank statement for February 2021 but not in the cash journals of the business: Interest on overdraft R1 020 Cash deposit fee Cheque book 350 Services fees 750 . 975 [73] Merchandise R225 799 Consumable stores R 575 2. Provide for depreciation on the following non-current assets. 2.1 Equipment: Slulete De brewetion at 307 or a It was decided by the accountant to use the straight line method based at 15% p.a to depreciate vehicles. A new delivery vehicle was purchased from Protea Motors on 1 January 2021 for R265 000 nb 14 3. Rent was still outstanding for January and February 2021 NOTE: The lease agreement stipulates a monthly increase of 10% in rent on the 1 January each year. 2020 4. On the 1 September 2021, it was decided to increase the business fire insurance policy cover to REBOO. The monthly insurance premium on this policy was therefore increases by R100 to R500 per month with effect from 1 September 2004 Adjust the insurance premium accordingly. 202 5. T Dash has disappeared. Write off his debt of R980 as credit loss. 238 6. Create a provision for credit loss written off at 5% of debtors. 7. Make provision for discou granted at 5% of the debtors 8. Interest on loan must be adjusted accordingly. FEE 9. Salaries were paid up to 31 December 2020 only 2020 10. The following items appeared in the bank statement for February 2021 but not in the cash journals of the business: LECI Interest on overdraft Cash deposit fee Cheque book Services fees R1 020 975 350 750 STUDI (73) QUESTION 2 You are employed as a bookkeeper for Amaza Traders REQUIRED: 2. 1 Make the supplementary entries in the Cash Book on the 31 May 2021, from the Information presented below. (14) BAR (13) 2.2 Prepare the Bank Reconciliation Statement as at 31 May 2021 Please turn over the page QUESTION 1 REQUIRED: 1.1 Draw up the Statement of ProfitLoss of BUSAKWE SUPERMARKET for the year Ended 28 February 2021 (30) (7) (32) 1 2 Compile the assets section of the Statement of Financial Position 13 Show the relevant notes/annexure to the Statement of Financial Position 1 4 Complete a statement of change in equity (4) NOTE: The business uses the inventory system INFORMATION BUSAKWE SUPERMARKET PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2021 DR CR 928 345 Capital 271 700 Drawings 500 000 Loans. Yes bank (16% p.a) 480 500 Equipment 655 000 Vehicles 68 900 Accumulated depreciation on equipment 72 000 Accumulated depreciation on vehicle 42 780 Bank 36 980 Creditors control 66 580 Debtors control Trading stock 225 750 Cash float 9 500 Petty cash 3 200 Sales 998 800 Sales returns 33 250 Cost of sales 277 500 Bank charges 14 220 Discount received 7 200 Credit loss written off 13 155 Sundry expenses 120 000 Salaries 320 050 Stationery 29 990 Insurance 5 500 Consumable stores 1 250 Interest on loan 80 500 Rent income 38 000 2 650 425 2 650 425 ADJUSTMENTS AND ADDITIONAL INFORMATION: 1. The inventory records on the 28 February 2021 reflected the following: Please turn over the page . Merchandise Consumable stores R225 799 R 575 . 2. Provide for depreciation on the following non-current assets: 2.1 Equipment: Calculate de preciation at 20% or a dimimshing belence . It was decided by the accountant to use the straight line method based at 15% p.a to depreciate vehicles. A new delivery vehicle was purchased from Protea Motors on 1 January 2021 for R265 000 . 3. Rent was still outstanding for January and February 2021 NOTE: The lease agreement stipulates a monthly increase of 10% in rent on the 1 January each year. 2020 4. On the 1 September 2021. it was decided to increase the business fire insurance policy cover to R1-800. The monthly insurance premium on this policy was therefore increases by R100 to R500 per month with effect from 1 September 2024. Adjust the insurance premium accordingly. 2010 200 5. T Dash has disappeared. Write off his debt of R980 as credit loss, 6. Create a provision for credit loss written off at 5% of debtors. 7. Make provision for discount granted at 5% of the debtors. 8. Interest on loan must be adjusted accordingly. 9. Salaries were paid up to 31 December 2024 only 2020 10. The following items appeared in the bank statement for February 2021 but not in the cast journals of the business: . . Interest on overdraft Cash deposit fee Cheque book Services fees R1 020 975 350 750 QUESTION 2 [73] You are employed as a bookkeeper for Amaza Traders REQUIRED: 2.1 Make the supplementary entries in the Cash Book on the 31 May 2021, from the Information presented below. (14 2.2 Prepare the Bank Reconciliation Statement as at 31 May 2021 Please turn over the page (13 QUESTION 1 REQUIRED 1.1 Draw up the Statement of Profitions of BUSAKWE SUPERMARKET for the year Ended 28 February 2021 1.2 Compile the assets section of the Statement of Financial Position 1.3 Show the relevant notewannexure to the Statement of Financial Position (30) 073 1.4 Complete a statement of change in equity (32) NOTE: The business uses the inventory system INFORMATION UNE BUSAKWE SUPERMARKET PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2021 Capital DR CR Drawings 928 345 Loans. Yes bank (16% pa) 271 700 Equipment 500 000 480 500 Vehicles 655 000 Accumulated depreciation on equipment 88 900 Accumulated depreciation on vehicle 72 000 Bank 42 780 Creditors control 36 980 Debtors control 66 580 Trading Stock 225 750 Cash float 9 500 Petty cash 3200 Sales 998 800 Sales returns 33 250 Cost of sales 277 500 Bank charges 14 220 7 200 Discount received Credit loss written off 13 155 120 000 Sundry expenses 320 050 Salaries 29 990 Stationery 5500 Insurance 1 250 Consumable stores BO 500 Interest on loan 38 000 Rent income 2 650 425 2 650 425 ADJUSTMENTS AND ADDITIONAL INFORMATION: 1. The inventory records on the 28 February 2021 reflected the following: Please turn over the page Merchandise R225 799 Consumable stores R 575 2. Provide for depreciation on the following non-current assets. 2.1 Equipment: glulete De preciation at 20% or a diminisheng belance It was decided by the accountant to use the straight line method based at 15% p.a to depreciate vehicles. A new delivery vehicle was purchased from Protea Motors on 1 January 2021 for R265 000 3. Rent was still outstanding for January and February 2021 NOTE The lease agreement stipulates a monthly increase of 10% in rent on the 1 January each year. 2020 4. On the 1 September 2021. it was decided to increase the business fire insurance policy cover to REBO. The monthly insurance premium on this policy was therefore increases by R100 to R500 per month with effect from 1 September 2014 Adjust the insurance premium accordingly. 34 200 5. T Dash has disappeared. Write off his debt of R980 as credit loss 6. Create a provision for credit loss written off at 5% of debtors. 7. Make provision for discount granted at 5% of the debtors. 8. Interest on loan must be adjusted accordingly. 9. Salaries were paid up to 31 December 2007 only 2020 10. The following items appeared in the bank statement for February 2021 but not in the cash journals of the business: Interest on overdraft R1 020 Cash deposit fee Cheque book 350 Services fees 750 . 975 [73] Merchandise R225 799 Consumable stores R 575 2. Provide for depreciation on the following non-current assets. 2.1 Equipment: Slulete De brewetion at 307 or a It was decided by the accountant to use the straight line method based at 15% p.a to depreciate vehicles. A new delivery vehicle was purchased from Protea Motors on 1 January 2021 for R265 000 nb 14 3. Rent was still outstanding for January and February 2021 NOTE: The lease agreement stipulates a monthly increase of 10% in rent on the 1 January each year. 2020 4. On the 1 September 2021, it was decided to increase the business fire insurance policy cover to REBOO. The monthly insurance premium on this policy was therefore increases by R100 to R500 per month with effect from 1 September 2004 Adjust the insurance premium accordingly. 202 5. T Dash has disappeared. Write off his debt of R980 as credit loss. 238 6. Create a provision for credit loss written off at 5% of debtors. 7. Make provision for discou granted at 5% of the debtors 8. Interest on loan must be adjusted accordingly. FEE 9. Salaries were paid up to 31 December 2020 only 2020 10. The following items appeared in the bank statement for February 2021 but not in the cash journals of the business: LECI Interest on overdraft Cash deposit fee Cheque book Services fees R1 020 975 350 750 STUDI (73) QUESTION 2 You are employed as a bookkeeper for Amaza Traders REQUIRED: 2. 1 Make the supplementary entries in the Cash Book on the 31 May 2021, from the Information presented below. (14) BAR (13) 2.2 Prepare the Bank Reconciliation Statement as at 31 May 2021 Please turn over the page QUESTION 1 REQUIRED: 1.1 Draw up the Statement of ProfitLoss of BUSAKWE SUPERMARKET for the year Ended 28 February 2021 (30) (7) (32) 1 2 Compile the assets section of the Statement of Financial Position 13 Show the relevant notes/annexure to the Statement of Financial Position 1 4 Complete a statement of change in equity (4) NOTE: The business uses the inventory system INFORMATION BUSAKWE SUPERMARKET PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2021 DR CR 928 345 Capital 271 700 Drawings 500 000 Loans. Yes bank (16% p.a) 480 500 Equipment 655 000 Vehicles 68 900 Accumulated depreciation on equipment 72 000 Accumulated depreciation on vehicle 42 780 Bank 36 980 Creditors control 66 580 Debtors control Trading stock 225 750 Cash float 9 500 Petty cash 3 200 Sales 998 800 Sales returns 33 250 Cost of sales 277 500 Bank charges 14 220 Discount received 7 200 Credit loss written off 13 155 Sundry expenses 120 000 Salaries 320 050 Stationery 29 990 Insurance 5 500 Consumable stores 1 250 Interest on loan 80 500 Rent income 38 000 2 650 425 2 650 425 ADJUSTMENTS AND ADDITIONAL INFORMATION: 1. The inventory records on the 28 February 2021 reflected the following: Please turn over the page . Merchandise Consumable stores R225 799 R 575 . 2. Provide for depreciation on the following non-current assets: 2.1 Equipment: Calculate de preciation at 20% or a dimimshing belence . It was decided by the accountant to use the straight line method based at 15% p.a to depreciate vehicles. A new delivery vehicle was purchased from Protea Motors on 1 January 2021 for R265 000 . 3. Rent was still outstanding for January and February 2021 NOTE: The lease agreement stipulates a monthly increase of 10% in rent on the 1 January each year. 2020 4. On the 1 September 2021. it was decided to increase the business fire insurance policy cover to R1-800. The monthly insurance premium on this policy was therefore increases by R100 to R500 per month with effect from 1 September 2024. Adjust the insurance premium accordingly. 2010 200 5. T Dash has disappeared. Write off his debt of R980 as credit loss, 6. Create a provision for credit loss written off at 5% of debtors. 7. Make provision for discount granted at 5% of the debtors. 8. Interest on loan must be adjusted accordingly. 9. Salaries were paid up to 31 December 2024 only 2020 10. The following items appeared in the bank statement for February 2021 but not in the cast journals of the business: . . Interest on overdraft Cash deposit fee Cheque book Services fees R1 020 975 350 750 QUESTION 2 [73] You are employed as a bookkeeper for Amaza Traders REQUIRED: 2.1 Make the supplementary entries in the Cash Book on the 31 May 2021, from the Information presented below. (14 2.2 Prepare the Bank Reconciliation Statement as at 31 May 2021 Please turn over the page (13