Part $B{?}_{(})$

Benedict owns Ben Trading Ltd$.$ which deals in equipment. The following is the unadjusted Trial Balance of his business as at $30$ June $2023$:

Additional information:

$($i$)$ The auditors' fees of $$35,000$ have yet to be taken up in the accounts.

$($ii$)$ The property was revalued upward by $$700,000$ by a professional valuer to reflect its market value.

$($iii$)$ $$18,000$ office rental received from the tenant by cheque was wrongly recorded as $$8,500.$

$($iv$)$ The debentures were issued on $1$ March $2023.$ The interest is to be accrued as at the financial year end.

$($v$)$ At the financial year end, Ben Trading Ltd$.$ decides to maintain an allowance for impairment at $8\%$ of the outstanding receivables.