Below follows an extract of the summary you made of all transactions after working through all the source documents provided to you by Mr Bonka's son, Ben. The transactions below still need to be captured in the accounting recordings of Bubbeloo Bubblegum. All the

following transactions relate to April $2024.$

$1\mathrm{.}1$ Inventory to the value R$20000\mathrm{.}00$ was bought on credit from an approved provider, XYZ Ltd$,$ on $3$ April $2024$ and invoice #$478$ was issued to Bubbeloo Bubblegum.

$1\mathrm{.}2$ The monthly electricity bill of R$2500\mathrm{.}00$ was paid via an electronic fund transfer $($EFT$)$

to the local municipality, based on invoice $8973,$ dated $10$ April $2024.$

$1\mathrm{.}3$ A second$-$hand delivery vehicle with a purchase price of R$120000\mathrm{.}00$ was bought credit from WeBuyVehicles on $18$ April $2024($invoice #$489).$ A cash deposit

R$20000\mathrm{.}00$ was paid to secure the purchase.

$1\mathrm{.}4$ The rental payment of R$7000\mathrm{.}00$ for April $2024$ for the headquarters office building was made on $20$ April $2024,$ via an EFT to LinPop, as per invoice LP$178,$ dated $20$ Aprfi $2024.$

$1\mathrm{.}5$ Goods to the value of R$5000\mathrm{.}00($cost$)$ were sold for cash, on $23$ April $2024,$ recorded

on the cash register roll.

$1\mathrm{.}6$ Interest of R$340\mathrm{.}00$ recorded on a debit bank balance, as per the bank statement on

$30$ April $2024,$ downloaded from Standard Bank's online banking website.

$1\mathrm{.}7$ Goods to the value of R$4000\mathrm{.}00($cost$)$ were sold on credit to Sweet Surprises $($Pty$)$ Ltd$,$ and invoice number BB$156$ was issued on $30$ April $2024.$

$1\mathrm{.}8$ Instead of buying new furniture, Mr Billy Bonka decided to furnish his office by transferring items from his personal antique furniture collection to Bubbeloo Bubblegum on $30$ April $2024.$ The furniture is valued at R$20000\mathrm{.}00.$

Additional information:

$$ Bubbeloo Bubblegum is registered as a VAT vendor and VAT is charged at $15\%.$

$$ The mark$-$up percentage on inventory is $30\%($consult your prior accounting knowledge and the internet for more information on the difference between gross profit percentage and mark$-$up percentage$).$

$$ Bubbeloo Bubblegum makes use of the perpetual inventory system to record inventory

transa$4$ions $($consult your prior accounting knowledge and the internet for more

information on the difterence between the periodic inventory system and

inventory system$).$

perpetual

$$ You do not need to distinguish between the different product and inventory c for the purposes of this assignment.

$$ All final answers should be rounded up to two decimal places.