AutoSave On BFC 3211 - Pa... Last Modified: Yesterday at 01:24 File Home Insert Draw Design Layout References Search (Alt+Q) Dimane, Kwanda, (Mr) (s219064563) Mailings Review View Help Table Design Layout Comments Share TOPIC INSTALMENT SALES FACULTY OF BUSINESS AND NUMBER INS010 ECONOMIC SCIENCES MARKS 20 DEPARTMENT OF APLLIED ACCOUNTING TIME ALLOWED 36 Minutes AMCO Limited sells video recorders for cash and on instalment sales. Details of video recorders sold on instalment sales: Cost price Cash selling price Deposit, 20% R750 R1 000 Balance payable in 36 instalments of R35 each commencing 1 month after sale. The company utilizes an interest suspense account and earns interest on the sum of the digits method. On 1 March 2019, the company sold 5 video recorders on instalment sales. REQUIRED Journal entries (including cash transactions) to record all the transactions relating to those 5 video recorders for the year ended 31 December 2019. (All calculations to the nearest Rand). Page 19 of 20 3362 words English (South Africa) Text Predictions: On H Type here to search Accessibility: Investigate Focus + a W @ 16C ) ENG 02:20 2022/05/08 100%