The following information relates to Moloko: Balances as at 31 August 20.3: Plant and machinery (at cost) Accumulated depreciation: plant and machinery R 127 500 R 69 900 Additional information (a) According to the assets register, plant and machinery consist of two Desh machines of equal value. Both the machines were purchased by obtaining a loan from Bakona Bank and they were charged 15 % interest per annum and installed on the same date. (b) Depreciation is written off at 20% per annum by the diminishing balance method. (c) On 31 January 20.4, management decided to increase production capacity and purchased a King machine on credit from Precious Ltd for R135 000. One of the Desh machines was traded in, reducing the amount owing to Precious Ltd to R105 750. (d) On 1 February 20.4, installation charges on the new machine amounting to R9 000 were paid in cash. REQUIRED Post the above transactions to the general ledger account provided below. Instructions: 1. Do not type the amount with any spaces as separators for thousands (eg: 12141) 2. Round off to the nearest Rand (eg: 50.56 is 51) 3. Only show the amount, do not show the "R" for the Rand sign (eg: 12141) Moloko GENERAL LEDGER Dr Machinery realisation Cr R R 20.4 20.4 Jan 31 Answer Answer Jan 31 Answer Answer Answer Answer Answer Answer Answer Answer



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