QUESTION $2(20$ MARKS$)$ Beloved Ltd is a registered company in South Africa, subject to the standard corporate tax rate of $27\%$ and a Value$-$Added Tax $($VAT$)$ rate of $15\%.$ Record the following transactions incurred in the accounting records of Beloved Ltd: Date Description $13-$Aug$-24$ Goods were sold to H$1$ Ltd for R$22500,$ excluding VAT, as part of a standard taxable transaction under the applicable VAT rate. $15-$Aug$-24$ To manage operational expenses, prepaid electricity was purchased via online banking for R$1650($inclusive of VAT$)$ during the month. $17-$Aug$-24$ As part of the company$$s regular trading activities, goods were sold to Get Good Guys for a total of R$6150,$ inclusive of VAT. $19-$Aug$-24$ Fuel was purchased for the company truck to the value of R$1000$ as part of routine operational expenses to support the company$$s logistics and transportation needs. The transaction was recorded in the financial accounts to ensure accurate tracking of operating costs $25-$Aug$-24$ The Vodacom account for the business was received and fully settled, with total charges amounting to R$2320.$ This expense covers the company$$s communication services, including mobile data and voice usage, which are essential for daily operations. The payment has been recorded in the financial accounts for accurate expense tracking and reporting. $31-$Aug$-24$ A payment of R$420$ was made to the casual labourer for assistance provided during the day. The labourer contributed to tasks critical to the company$$s operations, ensuring smooth workflow and timely completion of assigned duties. Required: Post the appropriate entries to the relevant general ledger accounts. Ensure that the accounts are properly closed at month$-$end to accurately reflect the total VAT payable or refundable. $($The following general ledger accounts should be reported: Sales, Bank and Current Tax Payable: VAT$)$