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1 Exercise 2 You are provided with information related to CooCoo's Stores. The business uses a fixed mark-up percentage of 50% on the cost price

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1 Exercise 2 You are provided with information related to CooCoo's Stores. The business uses a fixed mark-up percentage of 50% on the cost price Transactions for July 2019: Cash sales according to CRR no 57, R450 The owner, Coocoo Julies, deposited R10 000 to increase his capital contribution (Receipt18) 3 Sold stock on credit to A. Mfaba, R120 invoice no 82) Received a cheque from C. Munro, to settle her account as on the 1" of July 2019. 8 Cash sales were, R1 200 12 A Cronje bought goods on credit less 10% trade discount. The stock's initial marked price was 1990 15 Cash sales amounted to R750 Received R100 from A. Mfaba on his account 18 Credit sales to C. Munro amounts to R270 21 Credit sales to D. Arendse, R93 A. Mfaba, R450 26 Received R204 from D. Arendse as partial payment of his account 28 Received R900 from C. Cronje on his account The tenant paid R1 000 in respect of rent 30 A Mfaba settle his account up to date. DEBTORS JOURNAL OF CooCoo's STORES - JULY 2019 Inv. Date Name of Debtor Cost of Sales sales CASH RECEIPTS JOURNAL OF COOCOO STORES - JULY 2019 Any Der Day Sundry Costed

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