Question: Use the information provided below to answer questions 2 to 10 Ulved 31 July 2012 Sold goods on credit to Mr G Dladla for R20

Use the information provided below to answer questions 2 to 10

Ulved 31 July 2012 Sold goods on credit to Mr G Dladla for R20 000. Purchased merchandise on credit from Sun Wholesalers for R16 on! Mr G Dladla returned R5 000 worth of goods due to it being damana Issued cheque no. 07 for R6 000 to Sun Wholesalers a creditor of Mthatha Mthatha Traders received a credit note from Sun Wholesalers for R2 500 (d) Use Transaction "a" will be recorded in the ... (1) sales returns journal (2) purchases journal (3) purchases returns journal (4) sales journal (5) cash payments journal 26 ASSIGNMENT 2, SEMESTER 1 (continued) 3. Transaction "b" will be recorded in the ... (1) purchases returns journal (2) purchases journal (3) cash payments journal (4) sales journal (5) sales returns journal studied learning eading sheet. Transaction "c" will be recorded in the... (1) sales journal (2) purchases journal (3) purchases returns journal (4) cash payments journal (5) sales returns journal nded 30 April 2020 Transaction "d" will be recorded in the ... (1) purchases journal (2) purchases returns journal (3) cash payments journal (4) sales journal (5) sales returns journal nd was R500 000 6. Transaction "e" will be recorded in the ... (1) sales journal (2) sales returns journal (3) cash payments journal (4) purchases returns journal (5) purchases journal A bank reconciliation statement is a statement which ASSIGNMENT 2, SEMESTER 1 (continued) 8. Which one of the following reflects all the statements that are true? (1) (a), (c), (d) (2) (a), (b), (c), (d) (3) (b), (c), (d) (4) (a), (b), (c) (5) (a), (b), (d) Bhisho Traders donated goods to the value of R60 000 to the local children's home Which one of the alternatives will be correct if Bhisho Traders uses the periodic inventory system? Account debited Account credited (1) Donations Drawings Donations Inventory Donations Bank Donations Purchases (5) Drawings Purchases Bloem Traders sold goods for R6 500 to Equip Stores. Bloem Traders uses a mark-up or 25% on cost. What is the cost price of the goods sold? R (1) 4 875 5 200 1 625 1 300 8 125 10

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