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Debit (R) [100 MARKS Answer ALL questions below (20 Marks) QUESTION 1 The tew balance and additional information given below were extracted from the accounting records of Dysan Limited on 29 February 2020, the end of the financial year. REQUIRED Prepare the Statement of Financial Position as at 29 February 2020. The notes to the financial statements are not required. Show working in brackets INFORMATION DYSAN LIMITED PRE-ADJUSTMENT TRIAL BALANCE AS AT 29 FEBRUARY 2020 Credit (R) Balance sheet accounts section 200 000 Ordinary share capital (100 000 shares) 62 000 Retained earings Vehicles at cost 180 000 Equipment at cost 120 000 90 000 Accumulated depreciation on vehicles Accumulated depreciation on equipment 38 000 Trading inventory 70 000 Debtors control 32 000 Provision for bad debts 4 000 Bank 182 000 Cash float 2000 Creditors control 40 000 South African Revenue Services: Company tax 10000 Long-term loan: Aries Bank (16% p.a.) 80 000 Nominal accounts section Sales 485 000 Cost of sales 240 000 Sales returns 5 000 Salaries and wages 84 000 Bad debts 5 000 Consumable stores 2000 Rent expense 28 000 Motor expenses 15 000 Bad debts recovered 2 000 Telephone 7 000 Electricity and water 11 000 3 000 Insurance 4000 Interest on mortgage loan 6 000 Commission income 5000 1 006 000 1 006 000 Bank charges

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