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FAG5091103/2020 ASSIGNMENT 01 (continued) On 29 March 20.9, the bookkeeper of Gumo Traders recorded the cash sales of RS for the day. Which of the following represents the correct posting for the above transaction? Journal VAT input Cash receipts journal VAT output R750 RS 000 Cash payments journal RS 000 Cash receipts journal R750 Cash receipts journal R750 (5) Cash payments journal P5 000 o Middy (4) R750 0.9? RS 000 R750 Gizmo Traders has a long-term loan at Vice Bank for R150 000. On 28 February 2012 the end of the financial year, the interest on long-term loan account had a deb of R10 000. At the end of the financial year, it was determined that interest and 107 must still be provided for the long-term loan for four months. Which of the is correct? General ledger account to be General ledger account to be debited credited Prepaid expense Interest on long term loan (1) R 10 000 sa Interest on long-term loan Accrued expenses 5000 5000 Interest on long-term loan Accrued income 15 000 Interest on long-term loan Income received in advance 15 000 Accrued expense Interest on long-term loan information nrovided below. for Snow Plumbing Services, which uses me