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The following information was extracted from the Pre Adjustment Trial Balance of Tshoma Traders on $30$ June $2021$:

BALANCE SHEET ACCOUNTS SECTION$$

Capital $447600$

Drawings. $5400$

Land and buildings. $612000$

Equipment $108000$

Accumulated depreciation on equipment. $15600$

Vehicle $72300$

Accumulated depreciation on vehicle $29400$

Fixed deposit: Theresa Bank $(15\%$ p$.$a$.)120000$

Trading inventory $(1$ May $2019).39940$

Trade receivables. $24000$

Bank. $720($dr$)$

Cash float. $120$

Trade payables. $85920$

Allowances for credit losses. $1200($cr$)$

Loan: Ditike Bank $(20\%$ p$.$a$.)264000$

Nominal accounts section$$

Interest on loan. $6600$

Interest on fixed deposit. $17400$

Carriage on sales. $1200$

Credit losses. $3666$

Insurance $9600$

Net profit $30$ June $2021.86599$

According to a physical stock count, the following were still on hand on $30$ June $2021$:

Trading inventory R$39000$

Stationery R$168$

A debtor has disappeared and her account of R$2400$ must be written off as bad debts.

Allowances for credit losses must be adjusted to $5\%.$

Provide for depreciation on equipment at $10\%$ p$.$a$.$ on the Minishing$-$balance method and on the vehicle at $15\%$ p$.$a$.$ on cost price. Take into account that a purchased on vehicle with a gross carrying value of R$21000$ was $31$ December $2020.$

The interest on a loan is still payable. A loan repayment of R$36000$ was made on $30$ September $2020$

The insurance account includes an annual payment of R$2160$ on a new policy which started on $1$ April $2021.$

An amount of R$150$ was collected from Ms Nkuna whose account was previously written off. This transaction was not recorded.

QUESTION

Tshoma Traders has provided you with the information below for the year ended

$30$ June $2021.$

REQUIRED

$2\mathrm{.}1$ Prepare the Statement of Financial Position for the year ending on

$30$ June $2021.$

$2\mathrm{.}2$ Do the following notes to the balance sheet:

$2\mathrm{.}2\mathrm{.}1$ Property, plant and equipment

$2\mathrm{.}2\mathrm{.}2$ Trade and other receivables

$2\mathrm{.}2\mathrm{.}3$ Statement of changes in equity

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