Question: Question 3: (a) State which journal to use for the following transactions: (2) (3) (4) (5) Credit purchases with Hassan the supplier Kelly, a customer

Question 3: (a) State which journal to use for the following

Question 3: (a) State which journal to use for the following transactions: (2) (3) (4) (5) Credit purchases with Hassan the supplier Kelly, a customer returned goods to us Cash drawings Bought a trailer on credit from Toyota Motors. Office chairs bought one week ago, were returned to UL Furniture, as they were unsuitable. (10 marks) (b) State which of the following are capital expenditures and revenue expenditures: (1) (2) (3 4 (5 6 (7 (8 (9 (10) (11) (12) (13) (14) (15) Purchase of a new truck Cost of escalator in a building Building extension to the warehouse Fire insurance premium for the warehouse Repairs to van Cost of purchasing inventory Electricity costs Repainting outside of building Cost of hiring technician Carriage costs on new cement mixer Cost of buying the flour for cake making Cost of paper used by the computer printer Cost of adding an upgrade to the microcomputer Installation cost of a new plant Cost of adding extra memory to the computer (15 marks) (Total 25 marks)

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