QUESTION $6$: FINANCIAL STATEMENTS

Use the pro$-$adjusiment trial balance and additional information below to do the following:

Draw up a statement of financial position.

Draw up the note to the statement of financial position.

Draw up the statement of changes in equity.

$[14]$

$[42]$

$[4]$

Additional information

The following year$-$end adjustments must be made:

Depreciation on the vehicles at $25\%$ on reducing balance method.

Depreciation on the ovens at $20\%$ on cost$.$ New equipment was bought on $1$ June for R$80000.$

R$1000$ accrued interest on the fixed deposit and R$1000$ accrued administration costs.

R$2000$ prepaid rental income and R$2000$ prepaid stationery expense.

Create an allowance of R$5000$ for unforeseen expenses.

Interest on the loan from D Bank must be accrued at $12\%$ per annum. The loan was taken out on $1$ March and no repayments have been made during the year.

$[60]$

TOTAL $[150]$

$3$