Complete the following journals for Mollys Furnitures.

You are Required to:

1 Record the transactions for November 2023 in the journals provided.

Important: Do Not close off the journals on 31 November 2023.

2 Draw up the ledger account of the creditor below:

Information:

The transactions of Mollys Furniture for November 2023 appear below. The business

uses a markup of 50% on the cost price.

Debtors List

Carl Duncan: $3 120

Bestmans Retailers: $14 200

Creditors List

A Vincent: $23 450

Transactions for November 2023:

5 November: Cash Sales of stock as per cash register roll amounted to $2 394 with a

(CRT 101), Cost Price $1 596.

7 November: Invoice 90 was received from Bestmans Retailers for $5 230. This was for

packing material of $3 102 and the rest was for consumable stores.

11 November: Carl Duncan was unhappy with some of his goods and returned them. A

Credit Note 51 for $1 287 was issued.

11 November: Paid Leonards Traders by EFT for trading stock bought, $23 860.

16 November: Paid Bestmans Retailers by EFT to settle the outstanding balance at

the beginning of the month.

16 November: Debit Note 11 was issued to Bestmans Retailers for $1 390 for packing

material that was damaged.

20 November: Goods costing $2 390, sold on account to A Vincent. Invoice 71 was

issued.

25 November: A Vincent paid $2 890 by EFT in part settlement of her account. Issued

receipt 621.

The journals provided are:

Cash receipts Journal

Cash Payments Journal

Debtors Journal

Debtors Allowances Journal

Creditors Journal

Creditors Allowances Journal

Creditors Ledger