Time left $1$:$16$:$38$ Question $1$ Not yet answered Marked out of $1\mathrm{.}00$ Flag question Question text Entries in the cash receipts journal can be recorded from the originals of receipts issued. True False Question $2$ Not yet answered Marked out of $6\mathrm{.}00$ Flag question Question text Africa Traders, a registered VAT vendor, manufactures and sells gardening equipment. On $18$ March $2023,$ Africa Traders sold gardening equipment for R$14700($VAT inclusive$)$ to SA Traders for cash. The VAT rate is $15\%.$ SA Traders, a registered VAT vendor, buys and sells gardening equipment and makes use of the periodic inventory system. Required: Record the above transaction in the applicable subsidiary journal of Africa Traders. Instructions for numeric responses: $1.$ Use a full stop to indicate any decimals $($eg: $1000\mathrm{.}01)2.$ Round off to the second decimal after the full stop $($eg: $50\mathrm{.}56)3.$ If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero $("0")$ Africa Traders Answer Sales journal $$ March $2023$ Doc no Day Details Fol Answer Not applicable Answer Bank Answer Sales Answer Not applicable Sundry accounts Amount Fol Details $18$ Answer SA Traders Answer $14700\mathrm{.}00$ Answer $14700\mathrm{.}00$ Answer $12608\mathrm{.}70$ Answer $2091\mathrm{.}30$ Question $3$ Not yet answered Marked out of $6\mathrm{.}00$ Flag question Question text Morulo Computers, a registered VAT vendor, buys and sells computers and related items. The VAT rate is $15\%.$ All goods are sold at a constant mark$-$up of $30\%$ and the entity uses the periodic inventory system. On $5$ January $2023,$ Morulo Computers sold goods for R$8198\mathrm{.}19($VAT inclusive$)$ on credit to Mrs Hlangu. Required: Record the above transaction in the applicable subsidiary journal of Morulo Computers. Instructions for numeric responses: $1.$ Use a full stop to indicate any decimals $($eg: $1000\mathrm{.}01)2.$ Round off to the second decimal after the full stop $($eg: $50\mathrm{.}56)3.$ If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero $("0")$ Morulo Computers Answer Sales journal $$ January $2023$ Doc no Day Details Fol Answer VAT Output Answer Sales Answer Bank R R R $5$ Answer Mrs Hlangu Answer $7126\mathrm{.}26$ Answer $1071\mathrm{.}43$ Answer $8198\mathrm{.}19$ Question $4$ Not yet answered Marked out of $2\mathrm{.}00$ Flag question Question text Africa Traders is a registered VAT vendor and the current VAT rate is $15\%.$ No$.0001$ Date: $5$ January $2021$ Received from: Mr S Zulu R c Amount: Rand Ten thousand rand only Cent: None $1000000$ For: Settlement of account $($electronic funds transfer$)$ Africa Traders Signature: S Africa Which account will be debited and which account will be credited in the accounting records of Africa Traders when recording the above source document? Select one: a$.$ Debit the trade receivables control account with R$10000,$ and credit the Bank account with R$10000.$ b$.$ Debit the Bank account with R$10000,$ and credit the trade receivables control account with R$10000.$ c$.$ Debit the VAT output account with R$1304,35$ and the trade receivables control account with R$8695,65,$ and credit the Bank account with R$10000.$ d$.$ Debit the Bank account with R$10000,$ and credit the VAT output account with R$1304,35$ and the trade receivables control account with R$8695,65$