QUESTION $2(20$ marks$)$ C Bridal $($Pty$)$ Ltd $($C Bridal$)$ is a company that makes unique wedding dresses. C Bridal has a $31$ December financial year$-$end. C Bridal makes use of a perpetual inventory system. C Bridal and Sew Elegance have the following arrangement: C Bridal makes use of a perpetual inventory system. C Bridal makes credit purchases of lace material from Sew Elegance C Bridal pays for credit purchases of a particular month on the first Friday of the following month. Example, credit purchases for the month of October $2024$ will be paid on $3$ November $2024.$ Sew Elegances will give a $10\%$ settlement discount on the outstanding amount if C Bridal pay within $15$ days of purchase. During the month of November $2024,$ the following transactions took place that have not been recorded yet: $1.$On the $1$st of November $2024,$ C Bridal still owed Sew Elegance R$7500.$ They paid the outstanding amount on the $2$nd of November $2024.2.$On the $5$th of November $2024,$ C Bridal purchased a large order of material of R$12000$ from Sew Elegance. $3.$On the $10$th of November $2024,$ C Bridal paid Sew Elegance for the material purchased on the $5$th of November $2024.4.$On the $20$th of November $2024,$ C Bridal made another purchase of R$6500.$ C Bridal received a $5\%$ trade discount on the purchase. $5.$Some of the material purchased on the $20$th of November $2024$ was damaged and C Bridal returned material worth R$750$ on the $25$th of November $2024.$ On $1$ December $2024$ Sew Elegance sent C Bridal a debtors statement as of $30$ November $2024.$ The balance on this statement was R$8325.$ When C Bridal compared the statement with the Sew Elegance general ledger account in their accounting records at the same date, the following discrepancies were found: $1.$The return of products on the $25$th of November was not reflected on the statement. $2.$An invoice to the value of R$1500,$ to C Brooks, has been incorrectly reflected on the statement. $3.$The trade discount received on the purchase made on the $20$th of November $2024$ was omitted from the statement.

REQUIRED: $2\mathrm{.}1$ Prepare the Sew Elegance $($Pty$)$ Ltd trade payables general ledger account for the month of November $2024$ in the accounting records of C Bridal $($Pty$)$ Ltd$.$ No dates are required. Close off the account at the month$-$end. $(10$ marks$)2\mathrm{.}2$ Describe what a remittance advice is and why it is important to send one to a supplier. $(3$ marks$)2\mathrm{.}3$ Prepare a remittance advice that C Bridal $($Pty$)$ Ltd will send to Sew Elegance $($Pty$)$ Ltd with the payment made on the $15$th of December $2024.(7$ marks$)$