The following transactions for ABC Traders transpired during the month of September 2023. Date Details of...
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The following transactions for ABC Traders transpired during the month of September 2023. Date Details of transactions 1 3 6 12 20 26 The owner for ABC Traders, contributed a delivery vehicle valued at R 36 100 to the business. Journal voucher JV 012 was issued. The owner, for ABC Traders took trading inventory with a cost price of R 500 for personal use. Journal voucher JV 013 was issued. Charged an amount of R 800 to Mr MC, a debtor, as interest on his overdue account. Journal voucher JV 014 was issued. Settlement discount of R 550 was granted to C. Fortunes, a debtor, for early settlement of his account. Journal voucher JV 015 was issued. The bookkeeper erroneously recorded the purchases of a motor vehicle in the office equipment account. The motor vehicle was purchased for R 24 000 by bank. Journal voucher JV 016 was issued. Mr Owen, a debtor, was declared insolvent. As a result, he was not able to pay the amount owed of R 11 000. The bookkeeper decided to treat the amount as being irrecoverable. Journal voucher JV 017 was issued. Required: Record the transactions (per the table above) in the general journal of ABC Traders for the month of September 2023. Ignore VAT and narrations are not required. The following transactions for ABC Traders transpired during the month of September 2023. Date Details of transactions 1 3 6 12 20 26 The owner for ABC Traders, contributed a delivery vehicle valued at R 36 100 to the business. Journal voucher JV 012 was issued. The owner, for ABC Traders took trading inventory with a cost price of R 500 for personal use. Journal voucher JV 013 was issued. Charged an amount of R 800 to Mr MC, a debtor, as interest on his overdue account. Journal voucher JV 014 was issued. Settlement discount of R 550 was granted to C. Fortunes, a debtor, for early settlement of his account. Journal voucher JV 015 was issued. The bookkeeper erroneously recorded the purchases of a motor vehicle in the office equipment account. The motor vehicle was purchased for R 24 000 by bank. Journal voucher JV 016 was issued. Mr Owen, a debtor, was declared insolvent. As a result, he was not able to pay the amount owed of R 11 000. The bookkeeper decided to treat the amount as being irrecoverable. Journal voucher JV 017 was issued. Required: Record the transactions (per the table above) in the general journal of ABC Traders for the month of September 2023. Ignore VAT and narrations are not required.
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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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