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QUESTION 1 [20] Consider the following transactions of Clueless Enterprises for year ended 31 March 2013: 1. Received an amount of R5 000 on 01 February 2013 from a client for consulting services to be delivered in terms of a contract agreed with the client from the period 01 January 2013 to 30 April 2013. 2. Purchased R30 000 worth of cleaning material on 15 November 2012. Cleaning material worth R12 000 was still unused at 31 March 2013. 3. Received March electricity account of R800 on 10 April 2013. 4. Monthly rental for the use of the premises amounts to R1 200. The amount in the general ledger account at 31 March 2013 amounts to R 15 600. 5. One of the company's major customers went insolvent and will not be able to meet their short-term commitment of R7 50. Now Current Asset 6. Purchased vehicle from Data Motors for R 65 000 credit, on 01 December 2012. Depreciation must be provided for using the diminishing balance method at 20% pa. 7. Salaries and wages of R500 were outstanding for March 2013 and an overpayment of R50 was made in respect of water and electricity. 8. The business had taken out a loan of R200 000 on the 01 March 2013. The loan agreement states that the loan will be repaid annually in equal instalments over ten years starting on the 01 March 2014. Interest will be paid every month in arrears from 01 April 2013. Interest at 15% has consistently been charged on the loan. Required: Show how the above events will reflect on the Statement of Financial Position as at 31 March 2013