Question: REQUIRED Use the relevant information provided below to prepare the following: 4 . 1 Double entries for the second provisional company tax payment of R

REQUIRED Use the relevant information provided below to prepare the following: 4.1 Double entries for the second provisional company tax payment of R120000 and the interim dividend payment of R30000.(4 marks)4.2 Statement of Financial Position of Pinewood Limited as at 31 March 2025.(16 marks) INFORMATION The following balances were obtained from the accounting records of Pinewood Limited on 31 March 2025, the end of the financial year: 12% Preference shares 1260000 Equipment 924000 Retained profit 672000 Accumulated depreciation on vehicles 630000 Accumulated depreciation on equipment 84000 Petty cash 6300 Fixed deposit: Rand Bank (Maturity date 30 April 2026)420000 Shareholders for dividends/Dividends payable 52500 Ordinary share capital 2641700 Long-term loan: Rand Bank 105000 Creditors control 94500 South African Revenue Services: Company tax payable 37800 Debtors control 762200 Bank (credit balance)42000 Vehicles 2730000 Inventory 777000 NOTE The above balances include the following: The first and second provisional company tax payments were R96000 and R120000 respectively. The interim and final dividends amounted to R30000 and R52500 respectively.
REQUIRED Use the relevant information provided

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