$1\mathrm{.}1.$ McCarthey owns McCarthey Stores. The business is run by Benny McCarthey and two employees who each get paid a wage. McCarthey Stores used to buy and sell soccer accessories for cash only.

A few months ago, they decided to start buying and selling on credit as well. The business maintains a mark$-$up of $50\%$ on cost$.$

Required:

Use the information provided below to record the transactions for McCarthey Stores in the following journals for the month ending October $2023.$

Cash Receipts Journal

$[6]$

Cash Payments Journal

$[6]$

Creditors' Journal

$1$

Debtors' Journal

$[4]$

Debtors' Allowances Journal

$3$

Creditors' Allowances Journal

$3$

TRANSACTIONS:

$3$ Benny increased his capital contribution with R$30000$ and paid it directly to the cashier. Issued duplicate receipt $10.$

Upon recognising that the implementation of selling goods on credit would require a larger inventory purchase, he decided to obtain a loan from CAPITEC BANK that matched the additional amount he contributed $($interest on a loan is $15\%$ p$.$a$).$ The money was received.

$5$ EFT payment of R$15900$ was made to Solly M for the following: trading stock of R$10100,$ Equipment of R$5000$ and stationery of R$800.$

$6$ Cash sales of R$6000$ as on the cash register roll.

$9$ Received Invoice $20$ from Solly M for additional trading stock purchased from them for R$6500.$

$13$ Credit sales of R$3750$ was made to Lay Laakay, duplicate invoice no$.1$ would be used to record the transaction.

Sold goods on credit to P$.$ Tau for R$5250($selling price$).$ Invoice nr$.2$ is issued

$19$ Laakay expressed his dissatisfaction with $50\%$ of the stock he purchased from McCathery stores, he subsequently returned the merchandise with a debit note $.$ Upon thorough examination of the returned merchandise, it was discovered that the merchandise had factory faults. Consequently, the faulty goods were returned to the supplier $($Solly M$),$ and Laakay received a refund $($EFT no $23).$ DN and CN $001$ were issued and received.

$22$ EFT payment of R$10500$ was made to a creditor $($Solly M$)$

$25$ The bank statement reflects the debit order from CAPITEC. The debit order concerns a monthly interest on a loan. The loan was acquired on the $3^{rd}$ of October

A direct deposit of R$2520$ was made by P$.$ Tau to the business bank account