Transactions during March 2023. Amounts include VAT of 15%, where applicable. 1 Received an electronic payment...

 

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Transactions during March 2023. Amounts include VAT of 15%, where applicable. 1 Received an electronic payment from V Majola, a debtor, for R13 500 (receipt no 41). Cash sales of steel products, R16 100 (cash register roll 1). 7 The business obtained a loan from ABI Bank for R30 000 (receipt no 42). 13 Paid R12 500 to M Sibasa in part payment of the entity's account with an electronic funds transfer (voucher no 33). 17 Purchased trading stock from Malamulela Wholesalers. Paid R3 450 by EFT, after receiving a cash discount of 10% (electronic funds transfer voucher no 34). 19 Mathole, the owner, made an additional capital contribution by depositing R15 000 into the entity's bank account (receipt no 43). 25 Paid the monthly salaries by electronic funds transfer (voucher no 35), R25 000. 26 Sold 12 steel doors and 18 steel window frames for cash, R16 675 (cash register roll 2). 31 Mathole paid Insurance Ltd R2 066 for insurance on the business assets of R1 610 and R456 for his private vehicle. The payment of the insurance premiums was done through an electronic funds transfer (voucher no 36), from the business bank account. REQUIRED: Record the above transactions in the 2023: cash journals of Mathole and Sons for March Transactions during March 2023. Amounts include VAT of 15%, where applicable. 1 Received an electronic payment from V Majola, a debtor, for R13 500 (receipt no 41). Cash sales of steel products, R16 100 (cash register roll 1). 7 The business obtained a loan from ABI Bank for R30 000 (receipt no 42). 13 Paid R12 500 to M Sibasa in part payment of the entity's account with an electronic funds transfer (voucher no 33). 17 Purchased trading stock from Malamulela Wholesalers. Paid R3 450 by EFT, after receiving a cash discount of 10% (electronic funds transfer voucher no 34). 19 Mathole, the owner, made an additional capital contribution by depositing R15 000 into the entity's bank account (receipt no 43). 25 Paid the monthly salaries by electronic funds transfer (voucher no 35), R25 000. 26 Sold 12 steel doors and 18 steel window frames for cash, R16 675 (cash register roll 2). 31 Mathole paid Insurance Ltd R2 066 for insurance on the business assets of R1 610 and R456 for his private vehicle. The payment of the insurance premiums was done through an electronic funds transfer (voucher no 36), from the business bank account. REQUIRED: Record the above transactions in the 2023: cash journals of Mathole and Sons for March

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To record the above transactions in the cash journals of Mathole and Sons for March 2023 we wi... View the full answer