
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:5.2
The following trial balance is for Springbok Traders
(Pty) Ltd as at their financial
year end 30 June 2019.
Shareholder's Capital
Drawings
Land and Buildings Cost
Vehicles @ Cost
Computer Equipment Cost
Accumulated Depreciation on Vehicles
Accumulated Depreciation on Computer
Equipment
Fixed Deposit
Debtors
Stock
Staff Loans
Bank
Long Term Loan: Capital Bank
Accrued Expenses
Creditors
Sales
Cost of Sales
Motor Insurance
Salaries and Wages
Stationery
PAYE/UIF/SOL
Fuel
Interest on Loan
Interest on Fixed Deposit
Discount Received
Bad Debts Recovered
Debit
150 000
545 000
470 000
130 000
123 500
134 560
237 560
15 000
435 000
24 500
326 000
8 800
37 540
47 000
5700
Credit
940 000
321 000
87 500
21 360
250 000
32 000
215 000
790 500
4 500
4400
23 900
690 160 2 690 160
Required: Prepare the Statement of Comprehensive Income
and the Statement of Financial Position for Springbok Traders
(Pty) Ltd as of 30 June 2019. Use the template provided on
the diagram sheet.
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