FAC1502
ASSIGNMENT 4
SEMESTER 2 2022
[Company address]
, lOMoAR cPSD| 24668432
FAC1502 ASSIGNMENT 4 SEMESTER 2 2022
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, lOMoAR cPSD| 24668432
VERSION 1 CK
TRADERS
AN EXTRACT OF THE PRE-ADJUSTMENT TRIAL BALANCE AS AT 31 OCTOBER 20.9
R
Capital……………………………………………………………………………....................……... 450 000
...……. 5 500
Drawings………………………………………………………………………………..................…. 180 560
......…. 129 875
Trade receivables control……………………………………………………………..................…… 50 000
Trade payable 23 722
control………………………………………………………………...........…...........… 1 075 30
Land ............................................................................................................................................... 8?
Building…………………………………………………………………....................................…..... 125 900
...….. 12 590
Machinery (at 4 800
cost)……………………………………………………………………....................…… 15 909
Accumulated depreciation: Machinery (1 November 20.8)……………………………. 254
Vehicle (at 2 542
cost)………………………………………………………………….......................…………. 264 000
Accumulated depreciation: Vehicle (1 November 20.8)………………………...……….. 120 782
Inventory: Trading (1 November 20.8)……………………………………………...........……… 1 530
Bank 20 928
(Favourable)…………………………………………………………………….......................……. 7 247
Petty 23 580
cash……………………………………………………………………………..........................…… 8 910
… 3 540
Cash 650
float………………………………………………………………………………..........................… 98
… 000
Loan from ATM 20 257
Bank…………………………………………………………………....................……. 9 456
Fixed deposit: TB 1 984
Bank…………………………………………………………....................……….....
Allowances for credit
losses………………………………………………………….................…….
Rental
income……………………………………………………………………………......................…..
Interest on fixed
deposit………………………………………………………………….................…
Advertising………………………………………………………………………………....................
.....…..
, lOMoAR cPSD| 24668432
Packaging
material………………………………………………………………………......................…
Stationery…………………………………………………………………………………..................
............
Credit
losses…………………………………………………………………………….........................…...
Salaries and
wages……………………………………………………………………......................……
Interest on loan from ATM Bank……………………………………………………..............……..
Water and
electricity…………………………………………………………………....................……..
Telephone
expenses……………………………………………………………………......................….
Additional information with regards to adjustments that you still need to take into account.
(a) CK Traders sublets part of its building to B Silver. B Silver paid R20 928 on the 1 November 20.8 for
15 months. The rental agreement stipulated that CK Traders will increase the rental amount to R1 688
from 1 August 20.9.
(b) CK Traders deposited R120 782 into a fixed deposit account with TB Bank on 1 February 20.9, at an
interest rate of 12% per annum. The interest is receivable twice per annum in June and December.
(c) On 1 November 20.8, CK Traders entered into an advertising contract with Kgomotso advertising
agency for a period of 2 years for a total amount of R23 580. CK Traders paid R23 580 to Kgomotso
advertising agency on 1 November 20.8 to cover the full contracted period.
(d) A physical inventory count revealed that the following was on hand on 31 October 20.9: Inventory
R7 775
Packaging material R1 990
Stationery R260
(e) On 1 December 20.8 CK Traders obtained a loan from ATM Bank. Interest is calculated at 11,5% per
annum. The loan repayment schedule indicate that the capital repayment of the loan would be made
in four equal instalments as follows:
ASSIGNMENT 4
SEMESTER 2 2022
[Company address]
, lOMoAR cPSD| 24668432
FAC1502 ASSIGNMENT 4 SEMESTER 2 2022
Save this document in your laptop/PC and search questions using key words
1. It is easy to search questions in a word document
2. To convert this document into word, search 89I love my pdf99 on google
3. On word , use the “find9 button to search your questions
4. If you come across questions that are not in this document, call or text me immediately
5. Please keep on checking this document because I will add versions daily. Go to downloads to check if the
document has been updated
6. Please rate me 5
, lOMoAR cPSD| 24668432
VERSION 1 CK
TRADERS
AN EXTRACT OF THE PRE-ADJUSTMENT TRIAL BALANCE AS AT 31 OCTOBER 20.9
R
Capital……………………………………………………………………………....................……... 450 000
...……. 5 500
Drawings………………………………………………………………………………..................…. 180 560
......…. 129 875
Trade receivables control……………………………………………………………..................…… 50 000
Trade payable 23 722
control………………………………………………………………...........…...........… 1 075 30
Land ............................................................................................................................................... 8?
Building…………………………………………………………………....................................…..... 125 900
...….. 12 590
Machinery (at 4 800
cost)……………………………………………………………………....................…… 15 909
Accumulated depreciation: Machinery (1 November 20.8)……………………………. 254
Vehicle (at 2 542
cost)………………………………………………………………….......................…………. 264 000
Accumulated depreciation: Vehicle (1 November 20.8)………………………...……….. 120 782
Inventory: Trading (1 November 20.8)……………………………………………...........……… 1 530
Bank 20 928
(Favourable)…………………………………………………………………….......................……. 7 247
Petty 23 580
cash……………………………………………………………………………..........................…… 8 910
… 3 540
Cash 650
float………………………………………………………………………………..........................… 98
… 000
Loan from ATM 20 257
Bank…………………………………………………………………....................……. 9 456
Fixed deposit: TB 1 984
Bank…………………………………………………………....................……….....
Allowances for credit
losses………………………………………………………….................…….
Rental
income……………………………………………………………………………......................…..
Interest on fixed
deposit………………………………………………………………….................…
Advertising………………………………………………………………………………....................
.....…..
, lOMoAR cPSD| 24668432
Packaging
material………………………………………………………………………......................…
Stationery…………………………………………………………………………………..................
............
Credit
losses…………………………………………………………………………….........................…...
Salaries and
wages……………………………………………………………………......................……
Interest on loan from ATM Bank……………………………………………………..............……..
Water and
electricity…………………………………………………………………....................……..
Telephone
expenses……………………………………………………………………......................….
Additional information with regards to adjustments that you still need to take into account.
(a) CK Traders sublets part of its building to B Silver. B Silver paid R20 928 on the 1 November 20.8 for
15 months. The rental agreement stipulated that CK Traders will increase the rental amount to R1 688
from 1 August 20.9.
(b) CK Traders deposited R120 782 into a fixed deposit account with TB Bank on 1 February 20.9, at an
interest rate of 12% per annum. The interest is receivable twice per annum in June and December.
(c) On 1 November 20.8, CK Traders entered into an advertising contract with Kgomotso advertising
agency for a period of 2 years for a total amount of R23 580. CK Traders paid R23 580 to Kgomotso
advertising agency on 1 November 20.8 to cover the full contracted period.
(d) A physical inventory count revealed that the following was on hand on 31 October 20.9: Inventory
R7 775
Packaging material R1 990
Stationery R260
(e) On 1 December 20.8 CK Traders obtained a loan from ATM Bank. Interest is calculated at 11,5% per
annum. The loan repayment schedule indicate that the capital repayment of the loan would be made
in four equal instalments as follows:
