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4. Question 2 (34 marks) You are provided with the following information for transactions that took place in the business of Gold Air Conditioners, a

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4. Question 2 (34 marks) You are provided with the following information for transactions that took place in the business of Gold Air Conditioners, a business that buys, installs, and sells air conditioners. Transactions are for December 2020 Selecky, the owner, banked N$50 000 into the bank account of the business, being additional contribution 2. Selecky bought a vehicle that he intends using in his business, total amount for the vehicle cost is N$28 000, he paid NS5 000 by EFT and the remaining amount was still due to Auto House where he bought the vehicle 3. Installed 2 air conditioners and received NS2000 by direct deposit in the bank account for each service done The employees of Gold Air Conditioners were paid their monthly salaries of N$8 000 by E-Wallet 5. Repaired a client's air conditioner and received N$3 500 cash Installed 5 air conditioners for a total amount of NS12 000 to Mr Gurirab's on account 7. Received a telephone bill from Telecom and settled it on the same day by bank transfer N$650. Selecky made a payment of N$7 000 by EFT on the outstanding account balance of Auto house Bought four new air conditioners to be installed at a client premises next week, on account, Ns8 000 from Game LTD. 10. One air conditioner was returned back to Game LTD because it was not working property. this was valued at N$2 000 6. 8. 10 9. You are required to: a) Identify the source document for each transactions (10 marks) b) Record the transactions the General Journal of Gold Air Conditioners. Narrations are not required (25 marks) 1 f10

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