QUESTION $2$

$(12$ MARKS$)$

Calculate the following amounts that need to appear in the Trial Balance of

TechVision for April $2024.$ Show all your calculations.

$2\mathrm{.}1$ Bank

$2\mathrm{.}2$ Cost of Sales

$2\mathrm{.}3$ Debtors Allowance

BOOKKEEPING OF TECHVISION

TechVision is an electronics store selling a variety of tech products. It was founded on June $1,2021,$ by its owner, J$.$J$.$ Vision. The store operates by selling items both for cash and on credit to its customers. As the newly appointed Accountant for the business, your task is to analyse the provided information and respond to the following questions below. The business uses a $50\%$ markup.

A$.$ TechVision's Trial Balance on $31$ March $2024$

$\backslash$table$[[\backslash$table$[[$BALANCE SHEET ACCOUNT$],[$SECTION$]],$FOL,DEBIT,CREDIT$],[$Capital$,$B$1,,405790],[$Drawings$,$B$2,57200,],[$Land and buildings,B$3,165000,],[$Vehicles$,$B$4,99550,],[$Equipment$,$B$5,52800,],[$Fixed Deposit: Absa $8\%$ p$.$a$,$B$6,,],[$Trading stock,B$7,39600,],[$Debtors control,B$8,53790,],[$Bank$,$B$9,24200,],[$Loan: Absa bank $8\%$ p$.$a$,$B$10,,110000],[$Creditors control,B$11,,69760],[$NOMINAL ACCOUNT SECTION$],[$Sales$,$N$1,,236500],[$Debtors allowance,N$2,40700,],[$Cost of sales,N$3,94270,],[$Wages$,$N$4,24200,],[$Telephone$,$N$5,3685,],[$Water and electricity,N$6,15675,],[$Insurance$,$N$7,7810,],[$Interest on fixed deposit,N$8,,1375]]$

B$.$ Cash Receipts Journal for April $2024$

C$.$ Cash Payments Journal for April $2024$

D$.$ Debtors Journal for April $2024$: DJ

E$.$ Debtor Allowance Journal for April $2024$: DAJ

F$.$ Creditors Journal for April $2024$: C$]$

$\backslash$table$[[16,19,$Impala wholesales,C$2,13600],[,,,,54200]]$

G$.$ Creditors Allowance Journal for April $2024$: CAJ

$\backslash$table$[[$Doc$,$Day,Details,Fol,Trading Stock$],[36,20,$Impala wholesales,C$2,6500],[38,23,$Impala wholesales,C$2,8500],[,,,,15000]]$