Old MathJax webview

Old MathJax webview

Old MathJax webview

Old MathJax webview

i have been adding the full image should i just post a new question?

i have resubmitted with a full pic

Details Amount R50 000 R23 000 R175 000 Capital Drawings Vehicles - Cost Vehicles - Accumulated depreciation - 1 May 2019 Investment Inventory Receivables Allowance for credit losses Payables R24 000 R12 000 R75 750 R49 725 R5 500 R25 895 Insurance R2 400 R33 555 Bank (debit) Net profit for the year - 30 April 2020 R263 635 Net profit for the year - 30 April 2020 R263 63 The following information must still be considered: The owner took inventory for private use with a selling price of R1 500 (cost price of R1 entry has been made to record this transaction. Insurance relates to an insurance contract for the period 1 August 2019 - 31 July 2020. The fixed deposit was made on 1 January 2020 at an interest rate of 18% per annum. N has been received for the year. A receivable, M Mos, owing R320, was declared insolvent. His estate paid 30 cents in th remainder is irrecoverable. Depreciation on vehicles should be provided at 25% per annum on the straight-line meth vehicle was purchased on 1 October 2019 for R24 000 and was correctly recorded in the the business. Required Prepare the Statement of Financial Position of Focus Dealers for the year-ended 30 Details Amount R50 000 R23 000 R175 000 Capital Drawings Vehicles - Cost Vehicles - Accumulated depreciation - 1 May 2019 Investment Inventory Receivables Allowance for credit losses Payables R24 000 R12 000 R75 750 R49 725 R5 500 R25 895 Insurance R2 400 R33 555 Bank (debit) Net profit for the year - 30 April 2020 R263 635 Net profit for the year - 30 April 2020 R263 63 The following information must still be considered: The owner took inventory for private use with a selling price of R1 500 (cost price of R1 entry has been made to record this transaction. Insurance relates to an insurance contract for the period 1 August 2019 - 31 July 2020. The fixed deposit was made on 1 January 2020 at an interest rate of 18% per annum. N has been received for the year. A receivable, M Mos, owing R320, was declared insolvent. His estate paid 30 cents in th remainder is irrecoverable. Depreciation on vehicles should be provided at 25% per annum on the straight-line meth vehicle was purchased on 1 October 2019 for R24 000 and was correctly recorded in the the business. Required Prepare the Statement of Financial Position of Focus Dealers for the year-ended 30