QUESTION $2$

$(20$ Marks$)$

REQUIRED

Use the relevant information from the transactions of Irene Traders provided below and post to the following accounts in the general ledger. Do not balance or close off the accounts.

$2\mathrm{.}1$ Capital

$(1$ mark$)$

$2\mathrm{.}2$ Inventory

$(6$ marks$)$

$2\mathrm{.}3$ Debtors control

$(4$ marks$)$

$2\mathrm{.}4$ Creditors control

$(2$ marks$)$

$2\mathrm{.}5$ Sales

$(4$ marks$)$

$2\mathrm{.}6$ Cost of sales

$(3$ marks$)$

INFORMATION

The following are the transactions of Irene Traders for August $2024$:

$\backslash$table$[[$Date$,$Transactions$],[01,$The proprietor, K$.$ Hamilton, commenced business by depositing R$360000$ into the bank account of the business.$],[03,$An electronic funds transfer was made to RT Suppliers for the purchase of equipment, R$30000,$ and inventory for resale, R$80000.],[14,$Cash sales to date amounted to R$36000($Cost of sales R$24000).],[15,$Inventory purchased on credit from Capsicum Wholesalers amounted to R$48000.],[18,$Sold goods on account to K$.$ Peters for R$12000.$ The goods were sold at cost plus $50\%.],[26,$Sold goods on credit to M$.$ Stein at a mark$-$up of $50\%$ on cost$.$ The cost price of the goods was R$6000.],[28,$K$.$ Peters settled her account $($see $18$th$)$ subject to a $5\%$ early settlement discount.$],[31,$Paid Capsicum Wholesalers R$10000$ in part$-$settlement of account.$],[,$Cash sales to date, R$45000($Cost of sales R$30000).]]$