Post-Adjustment Trial Balance Analysis: Samdiego Traders’ Financial Snapshot as of February 28, 2018

1.Post-adjustment trial balance on 28 February 2018:Post-adjustm ent trial balance of Sam diego Traders on 28 February 2018Balance sheet accounts section Capital: Sam Capital: Diego Current account: Sam (1 March 2017)Current account: Diego (1 March 2017)Drawings: Sam Drawings: Diego Land and buildings Vehicles Equipment stock Accumulated depreciation on vehicles|Deposit on water and electricity
Accumulated depreciation on equipment|Bank(b) Fixed deposit: FNB()(C) (d)Debtors control
Provision for bad debts(a)(b)Consumable stores on hand(c) (c)Petty cash (d)Cash float Mortgage loan: ABSA Accrued income Creditors control Income received in advance Nominal accounts section Accrued expenses Sales Prepaid expenses Debtors  allowances Telephone Rent income Discount received Bad debts recovered
Water and electricity Insurance Discount allowed Salaries Interest on fixed deposit Stationary Bad debts Cost of sales Interest on loan Profit on disposal of asset Depreciation Provision for bad debts adjustment Trading stock surplus120FolBIB2B4Partner Sam is entitled to a salary of R3 200 per month.BSA bonus ofR3 100 was awarded to partner Diego.B6B7B8B9B10B11B12B13B14B15B16B17B18B19B20B21B22B23B24B25B26NIN2N3N4NSN6N7N8N9N10The following additional information has already been correctly recorded:|NIIN12NI3N14NISNI6NI7N18N19Debit53 00088 400120 600950 000620 000470 000180 000181 00060 0007600I 8002 2006 0003 8151 98540 000587 50065 00087 00023 00013 500136 10024 00012 00033 600165 0003 933 100Credit900 000660 00056 000The remaining profit is to be shared between Sam and Dicgo in the ratio 3:2.264 000118 0002 40051 500280 000162 00018 40014 100I 097 500260 00017 0009 0008 10012 600920| 580Partner Sam increased his capital by R300 000 on 1 July 2017 while partner Dicgo decreased his capital by R90 000 on 1 January 2018.The following stipulations of the partnership agreement must still be brought into consideration:(a) Both partners are entitled to interest on capital of 10% per annum.3 933 100A quarter of the mortgage loan from ABSA will be settled within the next year while an amount of R60 000 will be withdrawn from the fixed deposit at FNB on 15 August 2018.A cheque for R3 500 was issued to a creditor on 10 February 2018. The cheque was dated10 March 2018.CS Cam Scanner During the year renovations to the amount of R250 000 was done to the existing building.A new vehicle was bought for R340 000 on I January 2018. Thc total depreciation on vehicles for the year amounted to R96 000. No vehicles were sold during the year.Equipment with a carrying value ofR38 000 was sold on credit to a debtor on 31 January2018. The cost price of the equipment was R220 000. Extra depreciation to the amount ofR9 000 was written off on the equipment that was sold on 31 January 2018. No new equipment was bought during the year.
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