Swift Construction, located in Gauteng, specialises in

constructing tiny homes. Mr Swallow is the owner of

Swift Construction. The business is a registered VAT

vendor. In March $2024,$ Swift Construction had a

favourable bank balance. The VAT rate is $15\%.$

On $31$ March $2024$ an entry for R$1770$ interest

received on the favourable bank balance appears on

the bank statement of Swift Construction.

Required:

Record the transaction on $31$ March $2024$ in the

correct subsidiary journal of Swift Construction.

Instructions for numeric responses:

Use a full stop to indicate any decimals $($eg:

$1000\mathrm{.}01)$

Round off to the second decimal after the full