Question 25 (20 marks) a) Given below are the transactions of K. Moss in the month of August 20XX, enter the transactions into the appropriate journals. NOTE: You must enter "not applicable" in the blank spaces that are not required and the transactions must be entered in the correct order. HINT: Enter the correct answers in the relevant fields and then populate the blank spaces as "Not Applicable" accordingly. 20XX K. Moss commenced business on 1 August 20XX. K. Moss deposited $25,000 in a bank account. Other assets and liabilities introduced into the business were: accounts receivable $600, stock $6,000, motor vehicle $5,000, accounts payable $1,530, loan from C. Nash $1,500. HINT: You must Aug calculate Owner's Equity (Capital). 1 2 Purchased furniture for office use on credit from Funny Furniture Warehouse $1,200 (inv no. 206). 6 Cash sales $200 (rec. no. 74). 9 Sold used motor vehicle on credit to an employee, A. Jones, for $5,000. 10 Credit sales to S. Spencer $200 (inv no. 265). 11 Received commissions $50 (rec. no. 75). 12 Total amount owing by Debtor T. Tab was $300. T. Tab paid 50 cents in a dollar as a final settlement (rec. no. 76) and the balance was written off as bad debts. 16 Cash sales $80 (rec. no. 77). 17 Damaged goods returned by S. Spencer $25 (CN 15). 20 Credit sales to Sims Pty. Ltd. $2,000 (inv no. 266). 21 Sold goods to P. Michael on credit $550 (inv no. 267). 27 Cash sales $1,310 (rec. no. 78).