ACCOUNTING

Debtors Journal of Dumbledore Magic World - May 2019 Doc No. Date Details Fol. Debtors Control Output VAT Sales INV478 2 H.Granger D2 24 560.26 3 203.51 21 356.75 INV479 8 L. Voldemort D4 45 970.65 5 996.17 39 974.48 INV480 13 H.Potter D1 14 600.76 1 904.45 12 696.31 INV481 15 D.Malfoy D5 18 730.55 2 443.12 16 287.43 INV482 18 R.Weasley D3 27 640.11 3 605.23 24 034.88 INV483 24 H.Potter D1 33 210.79 4 331.84 28 878.95 164 713.12 21 484.32 143 228.80 Debtors allowances journal of Dumbledore Magic World - May 2019 Doc No. Date Details Fol. Debtors Control Input VAT Sales Returns CN145 4 H.Granger D2 10 750.65 1 402.26 9 348.39 CN146 14 H.Potter D1 3 670.67 478.78 3 191.89 CN147 25 R. Weasley D3 17 640.56 2 300.94 15 339.62 CN148 27 H.Potter D1 12 650.86 1 650.12 11 000.74 44 712. 74 5 832.10 38 880.64Cashbook Receipts of Dumbledore Magic World - May 2019 Doc No. Date Details Fol. Bank Debtors Output VAT Sales Sundries control Amount Fol. Details CRR567 FG.Limited 54 320.98 7 085.35 47 235.63 CRR568 5 J.Jonas 8 430.55 1 099.64 7 330.91 Service Fee DR236 15 H.Potter D1 5 000.00 5 000.00 CRR569 17 Cash 16 320.78 2 128.80 14 191.98 DR237 20 D.Malfoy D5 29 574.09 29 574.09 DR238 29 H.Potter D1 41 106.95 41 106.95 154 753.35 75 681.04 10 313.79 61 427.61 7 330.91General Journal of Dumbledore Magic World - May 2019 Doc No. Date Details Fol. Debit Credit JV54 20 Sales 1 353.50 Input VAT 203.03 Debtors Control (D.Malfoy) D5 1 556.53 (Settlement discount of 5%) JV55 29 Sales 1 881.32 Input VAT 282.20 Debtors Control ( H.Potter) D1 2 163.52 (Settlement discount of 5%) JV56 31 Credit Losses 47 496.32 Input VAT 7 124.45 Debtors Control (L.Voldemort) D4 54 620.77 (Amount written off as irrecoverable) JV57 31 Debtors Control( H.Granger) D2 3 455.98 Interest Received 3 455.98 (Interest on overdue account at 10% per annum) The bank statement at the month end revealed the following: - The cheque received from H.Potter on 29 May 2019 in settlement of his account was returned by the bank marked R/D on 31 May 2019. This transaction was not accounted for and no journal entry has been processed. This entry still needs to be processed.Required: Q.2.1 Open, post to and balance the debtors control account in the general ledger of Dumbledore Magic World for May 2019. The balance (15) brought down on 1 May 2019 was R 71 821.20. Q.2.2 Prepare the individual account of H. Potter in the debtors ledger of Dumbledore Magic World for May 2019. (15)Question 2 [Marks: 30) The following information was taken from the books of Dumbledore Magic World for April and May 2019. List of balances in the Debtors ledger of Dumbledore Magic World as at 30 April 2019. Debtor Fol. Amount(R) H.Potter D1 16 780.45 H.Granger D2 20 750.22 R. Weasley D3 13 240.33 L. Voldermort D4 8 650.12 D.Malfoy D5 12 400.08\fQ.2.2 Debtors Ledger of Dumbledore Magic World (15) H.Potter (D1) Date Document Name and Number Fol. Debit Credit Balance