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Sagot :
Sure, let's go step-by-step through the question to adjust the balances and prepare the adjusted trial balance.
### Step 1: Record the additional information
1. Rhumb took stock for personal use at a cost of R4,200:
- This amount should reduce the Debtors Control and Drawings, as stock is being taken by the owner.
2. Year-end stock count indicates stock of R170.20 on hand:
- This will be our closing stock and should be added to Trading Stock.
3. A computer was purchased on credit for R8,000 and not yet recorded:
- This needs to be added to Equipment and Creditors Control.
4. Depreciation provision:
- Vehicles: 20% on the diminishing balance method.
- Equipment: 15% on the cost price.
### Step 2: Adjust for stock taken for personal use
[tex]\[ \text{Drawings (debit)} = 170,000 + 4,200 = 174,200 \][/tex]
[tex]\[ \text{Debtors Control (debit)} = 260,000 - 4,200 = 255,800 \][/tex]
### Step 3: Adjust for the end-of-year stock
[tex]\[ \text{Trading Stock (debit)} = 900 + 170.20 = 1,070.20 \][/tex]
### Step 4: Record the purchased computer on credit
[tex]\[ \text{Equipment (debit)} = 51,000 + 8,000 = 59,000 \][/tex]
[tex]\[ \text{Creditors Control (credit)} = 1,000 + 8,000 = 9,000 \][/tex]
### Step 5: Compute Depreciation
#### Vehicles' Depreciation (20% diminishing balance method)
[tex]\[ \text{Vehicle Book Value} = 29,000 - (60,000 - 8,700) = 29,000 - 51,300 = -22,300 \; (\text{Note here: the vehicle valuation indicates accumulated depreciation has exceeded vehicle cost, which suggests checking actual values}) \][/tex]
If we assume the initial value should be positive (likely a book entry error):
\[
\text{Assumed Vehicle Value Adjustment}, i.e., [tex]\( \text{Vehicle Debtor bal} \leave as 29,000 - 60,000 = 8,700 \)[/tex] instead
\[(Assumption variant for reasonable values, retaining initial 29,000)
\[
Depreciation = 8,700 \times 20/100 = 1,740
#### Equipment Depreciation (15% on cost)
\[
Depreciation = (59,000) 15/100 = 8,850
### Step 6: Prepare Adjusted Balances and List:
We make all necessary adjustments:
Cash Adjusted entries:
\[Capital (debit), initially reduced balance items at 44,000 not affect =\text {Sum transactions not altering repayments}
Fixed Deposits unchanged 180,000 ending receipt
Total (remaining non-influenced: Petty cash \& unsecured debtor: SARS results shown Nil movement} with ending Closed value to trading balance
Fixed deposit: Closing (Conforming entry tagged balancing no undisclosed liabilities to warrant)
Adjusted Final Balance Adjusted Value:
Debiting Sum-equity-sheet table - not changing probable ADded Margin/Sum Leveraged original ledger:
| Labels | Debit | Credit |
|------------------|------------|------------|
| Capital | 44,000 | 241,800 |
| Drawings | 174,200 | |
| Vehicles | 29 000 | |
| Equipment | 59000 | |
| Dep - vehicles | 61,740 | 8,700 |
| Dep - equipment | 24,850 | |
| Fixed deposit WB | 180000 | |
| Debtors control | 256800 | |
| Creditors control| | 9,000 |
| Trading stock | 1,070.20 | |
| Petty cash | | |
| Bank | | 100,000 |
| SARS PAYE | | |
| Loan from Krediet| 13% pa | |
Result Closing: Appropriate
This covers note inclusive rates
Completeled:
Reiterated Taken to Consolidated Sheet pending Final:
| Labels | Debit | Closing here-modifiers not engaged } *Assuming Further records review factors
### Step 1: Record the additional information
1. Rhumb took stock for personal use at a cost of R4,200:
- This amount should reduce the Debtors Control and Drawings, as stock is being taken by the owner.
2. Year-end stock count indicates stock of R170.20 on hand:
- This will be our closing stock and should be added to Trading Stock.
3. A computer was purchased on credit for R8,000 and not yet recorded:
- This needs to be added to Equipment and Creditors Control.
4. Depreciation provision:
- Vehicles: 20% on the diminishing balance method.
- Equipment: 15% on the cost price.
### Step 2: Adjust for stock taken for personal use
[tex]\[ \text{Drawings (debit)} = 170,000 + 4,200 = 174,200 \][/tex]
[tex]\[ \text{Debtors Control (debit)} = 260,000 - 4,200 = 255,800 \][/tex]
### Step 3: Adjust for the end-of-year stock
[tex]\[ \text{Trading Stock (debit)} = 900 + 170.20 = 1,070.20 \][/tex]
### Step 4: Record the purchased computer on credit
[tex]\[ \text{Equipment (debit)} = 51,000 + 8,000 = 59,000 \][/tex]
[tex]\[ \text{Creditors Control (credit)} = 1,000 + 8,000 = 9,000 \][/tex]
### Step 5: Compute Depreciation
#### Vehicles' Depreciation (20% diminishing balance method)
[tex]\[ \text{Vehicle Book Value} = 29,000 - (60,000 - 8,700) = 29,000 - 51,300 = -22,300 \; (\text{Note here: the vehicle valuation indicates accumulated depreciation has exceeded vehicle cost, which suggests checking actual values}) \][/tex]
If we assume the initial value should be positive (likely a book entry error):
\[
\text{Assumed Vehicle Value Adjustment}, i.e., [tex]\( \text{Vehicle Debtor bal} \leave as 29,000 - 60,000 = 8,700 \)[/tex] instead
\[(Assumption variant for reasonable values, retaining initial 29,000)
\[
Depreciation = 8,700 \times 20/100 = 1,740
#### Equipment Depreciation (15% on cost)
\[
Depreciation = (59,000) 15/100 = 8,850
### Step 6: Prepare Adjusted Balances and List:
We make all necessary adjustments:
Cash Adjusted entries:
\[Capital (debit), initially reduced balance items at 44,000 not affect =\text {Sum transactions not altering repayments}
Fixed Deposits unchanged 180,000 ending receipt
Total (remaining non-influenced: Petty cash \& unsecured debtor: SARS results shown Nil movement} with ending Closed value to trading balance
Fixed deposit: Closing (Conforming entry tagged balancing no undisclosed liabilities to warrant)
Adjusted Final Balance Adjusted Value:
Debiting Sum-equity-sheet table - not changing probable ADded Margin/Sum Leveraged original ledger:
| Labels | Debit | Credit |
|------------------|------------|------------|
| Capital | 44,000 | 241,800 |
| Drawings | 174,200 | |
| Vehicles | 29 000 | |
| Equipment | 59000 | |
| Dep - vehicles | 61,740 | 8,700 |
| Dep - equipment | 24,850 | |
| Fixed deposit WB | 180000 | |
| Debtors control | 256800 | |
| Creditors control| | 9,000 |
| Trading stock | 1,070.20 | |
| Petty cash | | |
| Bank | | 100,000 |
| SARS PAYE | | |
| Loan from Krediet| 13% pa | |
Result Closing: Appropriate
This covers note inclusive rates
Completeled:
Reiterated Taken to Consolidated Sheet pending Final:
| Labels | Debit | Closing here-modifiers not engaged } *Assuming Further records review factors
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