5 ut of On 1 March 2024, Edutech (not a registered VAT vendor) borrowed R338 000...

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5 ut of On 1 March 2024, Edutech (not a registered VAT vendor) borrowed R338 000 from Futures Bank at an interest rate of 12% per annum repayable over 4 years. The R338 000 was deposited into the bank account of Edutech. Edutech plans to use the funding to purchase furniture for the office collaboration spaces. The VAT rate is 15%. On 31 March 2024, Edutech made a down payment on the loan with an electronic funds transfer for R8 901. Required: Post the above transactions as recorded in the subsidiary journals for 1 March 2024 and 30 March 2024 to the general ledger of Edutech. Instructions: 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Round off to the second decimal after the full stop (eg: 50.56) 3. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a 0 (zero) 4. For numeric responses only show the amount, do not show the "R" (eg: 1000) Dr 2024 Mar 1 Dr R 2024 Mar 31 2024 R 2024 Mar 31 Mar 5 ut of On 1 March 2024, Edutech (not a registered VAT vendor) borrowed R338 000 from Futures Bank at an interest rate of 12% per annum repayable over 4 years. The R338 000 was deposited into the bank account of Edutech. Edutech plans to use the funding to purchase furniture for the office collaboration spaces. The VAT rate is 15%. On 31 March 2024, Edutech made a down payment on the loan with an electronic funds transfer for R8 901. Required: Post the above transactions as recorded in the subsidiary journals for 1 March 2024 and 30 March 2024 to the general ledger of Edutech. Instructions: 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Round off to the second decimal after the full stop (eg: 50.56) 3. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a 0 (zero) 4. For numeric responses only show the amount, do not show the "R" (eg: 1000) Dr 2024 Mar 1 Dr R 2024 Mar 31 2024 R 2024 Mar 31 Mar