REQUIRED Use the transactions of JK Stores provided below to post to the following accounts in...
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REQUIRED Use the transactions of JK Stores provided below to post to the following accounts in the general ledger. Do not balance or close off the accounts. 2.1 Equipment 2.2 Inventory 2.3 Trade receivables Trade payables 2.5 Sa es 2.6 Stationery INFORMATION Date Transactions of JK Stores for March 2022 03 Purchased a computer on credit, R15 000. 04 Purchased goods for resale on credit, R45 000. 07 Sold goods to customers on credit, R2 100 (Cost of sales R1 400). 15 Cash deposited into the bank for goods sold to customers amounted to R18 000 (Cost of sales R12 000). 16 19 22 24 28 30 31 (2 marks) (6 marks) (3 marks) (4 marks) (4 marks) (1 mark) Purchased goods for cash, R8 000. Goods sold to clients on credit, R9 000 (Cost of sales R6 000). Purchased stationery by means of an electronic funds transfer (EFT), R600. Received a credit invoice for the purchase of office equipment, R19 000. Received R1 000 from a debtor in settlement of his account. Sold goods to customers for R24 000 cash (Cost of sales R16 000). Paid a creditor by means of an EFT for part settlement of account, R10 000. REQUIRED Use the transactions of JK Stores provided below to post to the following accounts in the general ledger. Do not balance or close off the accounts. 2.1 Equipment 2.2 Inventory 2.3 Trade receivables Trade payables 2.5 Sa es 2.6 Stationery INFORMATION Date Transactions of JK Stores for March 2022 03 Purchased a computer on credit, R15 000. 04 Purchased goods for resale on credit, R45 000. 07 Sold goods to customers on credit, R2 100 (Cost of sales R1 400). 15 Cash deposited into the bank for goods sold to customers amounted to R18 000 (Cost of sales R12 000). 16 19 22 24 28 30 31 (2 marks) (6 marks) (3 marks) (4 marks) (4 marks) (1 mark) Purchased goods for cash, R8 000. Goods sold to clients on credit, R9 000 (Cost of sales R6 000). Purchased stationery by means of an electronic funds transfer (EFT), R600. Received a credit invoice for the purchase of office equipment, R19 000. Received R1 000 from a debtor in settlement of his account. Sold goods to customers for R24 000 cash (Cost of sales R16 000). Paid a creditor by means of an EFT for part settlement of account, R10 000.
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21 Equipment Date Account Debit R Credit R 03 Equipment 15000 22 Inventory Date Account Debit R Cr... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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