Unformatted text preview: 1. Depreciation of R25 000 must be provided for on the equipment. 2. Insurance expenses relating to the next financial year amount to R1 000. 3. A further amount of R2 000 must be written off as irrecoverable. 4. Inventory on hand on 31 March 2010 amounts to: Trading Stock R55 000, and Packing Materials R6 000. 5. An account of R5 000 for advertising material must still be paid. Journalise the above adjustments in the General Journal of Walpole Woodworking Centre on 31 March 2010 – NARRATIONS REQUIRED....
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- Spring '11
- SEPTA Regional Rail, Generally Accepted Accounting Principles, 1920, 1922, Walpole Woodworking Centre