Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Accounting Project 15 May 2020 Grade 9 Mrs Kuhanga was a very good baker. She loved baking cakes for family and friends for weddings, birthdays
Accounting Project 15 May 2020 Grade 9 Mrs Kuhanga was a very good baker. She loved baking cakes for family and friends for weddings, birthdays and different events. Bokomo Ltd had a baking competition at the end of the last year 2019. The winning prize was N$250 000 cash. Mrs Kuhanga took part and to her surprise she won the BIG PRIZE! She felt it was an opportunity to open her own bakery. She registered her business as Kuhanga Bakery & afterwards went to FNB Ausspanplatz where she opened the business current account. The account number was 62555619692, Box 20112 Eros. On the 10th January 2020 Ms Booysen issued a document (no PJ 001) to Mrs Kuhanga in acknowledgement of the N$250 000 cash received to start the business. On the 11" January 2020 Mr Muronga went to FNB to deposit N$248 000 cash in Kuhanga Bakery's bank account. His cell no is 0852417768, ID no 68010100123. On the 15th January 2020 Kuhanga Bakery bought the following goods on credit from Cash & Carry Wholesalers ( Box 19012 Pionierspark): 10 Bags - 10kg cake flour @ N$120.95 each 5 Bags - 10Kg Marathon White sugar @ N$155.25 each 4 boxes - 1 Nammilk @ N$105 per box 20% trade discount received on the goods purchased. Document no ZL 276 received. On the 18 January 2020, a customer visited Kuhanga Bakery and bought the following goodies: 2 X brown bread @N$9.95 each; 6 X doughnuts @ N$3.85 each & 10 Brotchens @ N$1.05 each. The customer paid N$60 cash. An EFT payment was made on the 30 January 2020 to Cash & Carry Wholesalers for the amount owed on the 15th January 2020. The document no is 103. Required Prepare the different documents involved in all the transactions given above. (50 Marks for the documents) Accounting Project 15 May 2020 Grade 9 Mrs Kuhanga was a very good baker. She loved baking cakes for family and friends for weddings, birthdays and different events. Bokomo Ltd had a baking competition at the end of the last year 2019. The winning prize was N$250 000 cash. Mrs Kuhanga took part and to her surprise she won the BIG PRIZE! She felt it was an opportunity to open her own bakery. She registered her business as Kuhanga Bakery & afterwards went to FNB Ausspanplatz where she opened the business current account. The account number was 62555619692, Box 20112 Eros. On the 10th January 2020 Ms Booysen issued a document (no PJ 001) to Mrs Kuhanga in acknowledgement of the N$250 000 cash received to start the business. On the 11" January 2020 Mr Muronga went to FNB to deposit N$248 000 cash in Kuhanga Bakery's bank account. His cell no is 0852417768, ID no 68010100123. On the 15th January 2020 Kuhanga Bakery bought the following goods on credit from Cash & Carry Wholesalers ( Box 19012 Pionierspark): 10 Bags - 10kg cake flour @ N$120.95 each 5 Bags - 10Kg Marathon White sugar @ N$155.25 each 4 boxes - 1 Nammilk @ N$105 per box 20% trade discount received on the goods purchased. Document no ZL 276 received. On the 18 January 2020, a customer visited Kuhanga Bakery and bought the following goodies: 2 X brown bread @N$9.95 each; 6 X doughnuts @ N$3.85 each & 10 Brotchens @ N$1.05 each. The customer paid N$60 cash. An EFT payment was made on the 30 January 2020 to Cash & Carry Wholesalers for the amount owed on the 15th January 2020. The document no is 103. Required Prepare the different documents involved in all the transactions given above. (50 Marks for the documents)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started