1 (Amounts are 14% VAT inclusive, where applicable. All calculations are to be done to the nearest cent.) On 1 January 2007, Pets Traders had the following balances: R R Stock 1 500 Capital 2 287 Bank (favourable) 1 200 VAT control (Cr.) 900 Debtors: A. Adams 171 Creditors: F. Farmell 1 197 B. Brown 855 P. Peter 342 Furniture 1 000 The following transactions took place during January 2007: Cash sales Cash Register Date R Jan. 7 228 14 342 21 456 28 570 Original credit invoices received: Date R Jan. 4 P. Smith for goods 684 8 J. Lotz for stationery 57 10 S. Pretorius for office desk 285 16 F. Farmell for goods 2 052 Duplicate credit invoices issued: Date R Jan. 11 A. Adams for goods 1 026 17 B. Snell for goods 1 482 Duplicates of receipts issued: Date R Jan. 4 No. 10 B. Brown in settlement less 5% discount 10 11 H. Owner for rent of the shop 570 18 12 A. Debt for an account written off as bad debt during November 1995 228 25 13 S. Swart for old furniture sold 57 Credit notes received for goods returned: Date R Jan. 8 P. Peter 114 _______________________________________________________________________ Financial Accounting I / ICG / Page 15 Cheques issued: Date R Jan. 2 No. 40 F. Farmell in settlement less 5% discount 4 41 Cash for petty cash imprest 100 5 42 Makro for goods 570 10 43 SABC for advertising 342 15 44 P. Peter for goods 2 280 20 45 City council for electricity 228 46 SARS (VAT) 900 25 47 P. Flat for rent of private house of the owner 456 Sundry transactions: Date R Jan. 31 Items on the bank statement, but not in the cash book: (a) Service fees 50 (b) Interest on savings account 30 (c) Cheque from S. Swart unpaid (refer January 25) Closing stock: Goods 4 500 Required Record the transactions in the correct subsidiary journals, post to the general ledger, debtors ledger and creditors ledger, and draw up a trial balance. [25]