Question: Return by Ms Naidoo Ms Naidoo returned a lounge suite on 3 0 December 2 0 2 4 , for refund. The lounge suite was

Return by Ms Naidoo Ms Naidoo returned a lounge suite on 30 December 2024, for refund. The lounge suite was originally sold and delivered to her on 21 December 2024 at a price of R39000. This item was manufactured at a total cost of R28000. We accepted the lounge suite and agreed to refund Ms Naidoo on 3 January 2025, when our financial manager returns from leave With reference to revenue transaction (b): Prepare the journal entries to correctly account for the return of the lounge suite by Ms Naidoo in the financial statements of Zukofurn for the year ended 31 December 2024.

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