AN NEXURE E FORMATIVE ASSESSMENT QUESTION 4 (24 MARKS) The following transactions for Tarkastad Traders transpired during the month of July 2020 Date 1 12 Details of transactions Tarkastad, the owner, contributed a delivery vehicle valued at R 35 400 to the business. Journal voucher N 081 was issued. Tarkastad, the owner, look trading inventory with a cost price of R 300 for personal use. Joumal voucher N 082 was issued. Charged an amount R 510 to Mr Mhlangeni a debtor, as interest on his overdue account. Journal voucher N 083 was issued Settlement discount GR 650 was granted to C. Ngcoba, a debtor, for early settlement of his account. Journal voucher N084 was issued. The bookkeeper erroneously recorded the purchases of a motor vehicle in the office equipment account. The motor vehide was purchased for R23 000 by bank. Journal voucher N 08 was issued Mr Molteno, a debtor, was declared insolvent. As a result he was not able to pay the amount owed of R3 000. The bookkeeper decided to treat the amount as being inrecoverable. Joumal voucher N 086 was issued 21 27 Record the transactions per the table above) in the general Journal of Tarkastad Traders for the month of July 2020. Ignore VAT. (24 Marks) ANNEXURE E FORMATIVE ASSESSMENT 1 QUESTION 4 (24 MARKS) The following transactions for Tarkastad Traders transpired during the month of July 2020 Date 1 3 9 12 Details of transactions Tarkastad, the owner, contributed a delivery vehicle valued at R35 400 to the business. Journal voucher JV 081 was issued. Tarkastad, the owner, took trading inventory with a cost price of R 300 for personal use. Journal voucher JV 082 was issued. Charged an amount of R 810 to Mr Mhlangeni, a debtor, as interest on his overdue account. Journal voucher JV 083 was issued. Settlement discount of R650 was granted to C. Ngcobo, a debtor, for early settlement of his account. Journal voucher JV 084 was issued The bookkeeper erroneously recorded the purchases of a motor vehicle in the office equipment account. The motor vehicle was purchased for R 23 000 by bank. Journal voucher JV 085 was issued Mr Molteno, a debtor, was declared insolvent. As a result he was not able to pay the amount owed of R3 000. The bookkeeper decided to treat the amount as being irrecoverable. Journal voucher JV 086 was issued 21 27 Record the transactions (per the table above) in the general journal of Tarkastad Traders for the month of July 2020. Ignore VAT. (24 Marks) 56 HIAP1181-JUL-DEC2020-FA1-GT-V3-0405.2020