SECTION C: FINANCIAL LUTERACY $[40$ MARKS$]$

QUESTION $4$

JOURNALS

On the $1^{sT}$ July $2017$ M$.$ Bobo opened his business called M$.$ Bobo Stores. The business uses a mark$-$up of $30\%$ on cost price.

INSTRUCTIONS AND INFORMIATION.

A$.$ Use the information provided below, to record the transactions in the following Journals; and transfer the totals of the journals in the Bank Account.

B$.$ Cash Receilpts Journal with analysis columns for: Anialysis Receipts; Bank, Sales, Cost of Sales and S$$ndry Accounts.

C$.$ Cash Payment Journal with analysis columns for: Bank, Trading Stock, Stationary, and Sundry Accouint,

D$.$ Transfer the totals of the Journals into the Bank Account.

E$.$ CLOSE OFF THE JOURNALS.

TRAMSACTIONS FOR JULY $2017.$

The owner M$.$Bobo deposited $R75000$ inta business acccount.

Delivered stock on cash to T: Tailer.

Bought stock an cash from Sekhukhune Wholesalers R$35000$:

Issued cheque no$.15$ of R$25000$: for stationary R$10000,$ and advertising R$15000$; to B$.$ Legodi.

Received R$4200$ for stock on credit from R: Rakgale. Issued invoice no$.20.$

M$.$Bobo took stock, R$200$ for. personal use.

NOW MAKE USE OF THE PROVIDED ANSWER SHEET TO ANSWER THE ABOVE QUESTIONS.