QUESTION TWO [25] The information given below was extracted from the Accourting records of SamYang Traders. a partnership business with Sam and Yang as parthers. Balances in the ledger on 28 February 2019 R R Ine rouowing muss be caken anso consideranon: 2.1 The net profe according to the Proft and Less accourt amourted to fos00 000 on 26 February 2019 . The saies for the year ended 28 February 2019 amounted to R2 000000. 22 The partnership agreement makes provision for the folowing: - Imterest on Capital must be provided at 12% per annum on the balances in the Capial accounts. Note: The partners increased their caplal contributions by R:00 000 each on 28 February 2019. The Capital changes have NOT yet been recorded - The partiners are entzled to the folowing montely salaries Sam R12000 Yang R11 500 - Sam is enteled to a special bonus equal to 5% of the annual sales. Sam and Yang shove the romaining prohits and losses in the ratio 3.2 respectively. Required: Use the information provided hereunder so prepare the Statement of Changes in Eguity for the year ended. 28 February 2019, Use the following format: I ne rougwing muss pe taxen ano consugeration: 21 The net proft accerding to the Prolt and Less accourt amourted to Res00 000 th 28 Fetruary 2019 The sales for the year ended 28 February 2019 amounted to F2000000. 2.2 The partnership agreement makes provision for the following - Interest on Capilal must be provided at 12% pet annum on the balances in the Capley accounts. Note: The partners incroased their capitat contrbutions by R.100 000 each on 28 Februxy 2019. The Capital changes have NOT yut been recorded - The parthers are entried to the following mantly salaries: Sam R12000 Yang R11 500 - Sam is entited to a special bonus equal to 5% of the ancrual sales Sam and Yang share the remaining profits and losses in the ratio 3.2 respectively. Required: Use the information provided hereunder to prepare the Statement of Changes in Equity for the year ended. 28 February 2019. Use the following format: QUESTION THREE [25] 3.1. The following list of assets and liabilies appeared in the books of Khan's Enterprises as at 28 February 2018 , the last day of the financial year: 3.2. Hybid Dealers bought computer equipment for R54 000 on 1 July 2018. The equipment is depreciated at 20s according to the diminishing balance method. Required: Prepare the depreciation and closing transfer entites in the general journal of Hytarid Dealers on 31 March 2019 and 31 March 2020. QUESTION FOUR [25] On 1 Janaky 2021,J Spens opened a supermanet trading under Jagoer Supermaket. He cses the petiofic inventory system and enters into the following transuctiont for the morn ended 31 January 2021 : QUESTION FOUR [25] On 1 January 20Q21. I Spews opened a supemphet trading under Jagger Supermakent. He sess the periodic inventory system and ecters inte the following transuctiont for the manth ended 31 January 2021 : Required: 4.1. Explain the entries made and source documents used in the following joumalx: 4.1,1 Cash Receipts Journa (4) 4.1.2 Cash Payments Joumal (4) 4.1.3 Sales Returns Joumal (3) 4.2 Prepare the Sales Joumal for the month ended. (4) 4.3 Prepare the Purchases Joumal for the month ended. (3) 4.4 Prepare the Credibors Ledger for Jazini Wholesalers for the month ended. (7)