Question: pls help QUESTION 1 (10 marks) The following balances appeared in the trial balance of Gule Traders as at 31 December 2018: SalesR653 000 Trading

 pls help QUESTION 1 (10 marks) The following balances appeared in

pls help

QUESTION 1 (10 marks) The following balances appeared in the trial balance of Gule Traders as at 31 December 2018: SalesR653 000 Trading stock 52 600 Cost of sales 386 000 Telephone 5700 Land and Buildings 280 000 Debtors 73 400 Repairs 1800 Expenses accrued 1 290 Rates and taxes 13 500 Capital 185 260 Provision for doubtful debts 2 800 Creditors 59 700 Interest expense 6 100 Drawings 13 200 Income received in advance 2 360 Salaries and wages 16 800 Rental income 7100 Income Receivable 770 Fixed deposit: FNB 28 000 Accumulated depreciation: Equipment 5 400 Interest income 3 900 Loan: Capitec Bank 35 000 Expenses Prepaid 7300 Bank (cr) 1760 Equipment 72 400 REQUIRED: Compile only the "Current assets" as well as the "Current liabilities of the Balance Sheet of Gule Traders. Notes must be provided. QUESTION 2 (10 marks)

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