Additiоnаl infоrmаtiоn аnd adjustments 1. Included in the amount for insurance is R250 for a vehicle owned by the owner’s son. 2. Interest on the mortgage is still outstanding for 6 months. The mortgage loan was secured from Grey Bank on 1 March 2020. The terms of the loan stipulates that it is to be repaid over 10 year in 10 equal instalments on 28 February each year. A cheque for the payment of the loan was issued on 28 February 2021 but it has not been recorded. 3. A debtor returned an item of clothing purchased for R800, cost price R600; the transaction has not been recorded in the books. 4. A credit customer paid R108 in settlement of his account after deducting 10% discount; no entry has been made. 5. A debtor who owed R500 was only able to pay 70c in the rand; the balance must be written off as irrecoverable. 6. 50% of the fixed deposit will mature on 1 July 2021. 7. Depreciation is to be calculated as follows: · 20% pa on cost price of vehicles · 10% pa on carrying value of equipment 8. A storeroom was rented out since 1 January 2021; the rent for February 2021 is still due. 9. The telephone account for March 2021 has been paid, R540. 10. A physical stock count on 28 February 2021 showed the following was on hand: · Trading stock R58 900 · Stationery R126 [99]