Question
ANNEXURE E FORMATIVE ASSESSMENT 1 QUESTION 4 The following transactions for ABC Traders transpired during the month of September 2023. Date Details of transactions 1
ANNEXURE E FORMATIVE ASSESSMENT 1 QUESTION 4 The following transactions for ABC Traders transpired during the month of September 2023. Date Details of transactions 1 The owner for ABC Traders, contributed a delivery vehicle valued at R 36 100 to the business. Journal voucher JV 012 was issued. 3 6 12 20 (24 MARKS) 26 The owner, for ABC Traders took trading inventory with a cost price of R 500 for personal use. Journal voucher JV 013 was issued. Charged an amount of R 800 to Mr MC, a debtor, as interest on his overdue account. Journal voucher JV 014 was issued. Settlement discount of R 550 was granted to C. Fortunes, a debtor, for early settlement of his account. Journal voucher JV 015 was issued. The bookkeeper erroneously recorded the purchases of a motor vehicle in the office equipment account. The motor vehicle was purchased for R 24 000 by bank. Journal voucher JV 016 was issued. Mr Owen, a debtor, was declared insolvent. As a result, he was not able to pay the amount owed of R 11 000. The bookkeeper decided to treat the amount as being irrecoverable. Journal voucher JV 017 was issued. Required: Record the transactions (per the table above) in the general journal of ABC Traders for the month of September 2023. Ignore VAT and narrations are not required.
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