Using the table below, indicate the appropriate source document, as well as the journal and amount...

 

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Using the table below, indicate the appropriate source document, as well as the journal and amount that should be used to record the following transactions in the accounting records of Runners High for May 2022: 1. 2. 3. 4. 5. On 1 May, Runners High repaid R25 000 of the loan owing to Gold Bank via EFT. On 5 May, Runners High sold 10 gold medal replicas on credit to Mrs Swimmer for a total of R3 500. The production cost per medal was R200. The owner (Mr B) contributed a vehicle of R145 000 to the business for customer deliveries. On 10 May, Mrs Swimmer returned one of the gold medal replicas purchased on 5 May, as it was damaged. Her account was credited with the full amount. On 24 May, Mr B took three T-shirts home for his children. The T-shirts cost R200 each and had a selling price of R150 each. (10) No. Source document Journal Amount Using the table below, indicate the appropriate source document, as well as the journal and amount that should be used to record the following transactions in the accounting records of Runners High for May 2022: 1. 2. 3. 4. 5. On 1 May, Runners High repaid R25 000 of the loan owing to Gold Bank via EFT. On 5 May, Runners High sold 10 gold medal replicas on credit to Mrs Swimmer for a total of R3 500. The production cost per medal was R200. The owner (Mr B) contributed a vehicle of R145 000 to the business for customer deliveries. On 10 May, Mrs Swimmer returned one of the gold medal replicas purchased on 5 May, as it was damaged. Her account was credited with the full amount. On 24 May, Mr B took three T-shirts home for his children. The T-shirts cost R200 each and had a selling price of R150 each. (10) No. Source document Journal Amount

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Indicate appropriate Source documad fournal and amount to record folkely transactins No ... View the full answer