Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

File C/Users/a161178/Desktop/QUESTION.pdf Answer ALL questions below QUESTION 1 (20 Marks) ElectronMaster is a repairer and seller of electronic equipment based in Cape Town. It is

image text in transcribed File C/Users/a161178/Desktop/QUESTION.pdf Answer ALL questions below QUESTION 1 (20 Marks) ElectronMaster is a repairer and seller of electronic equipment based in Cape Town. It is owned by Ms. Shabalala who is also the manager of the business. During November 2019 the following transactions were incurred: Date Description 2 R5 000 cash were received for repairs of electronic equipment 4 Electric equipment of worth R7 500 were sold to Mr Tshikovi for R10 000 cash. 8 A customer paid R10 000 for equipment bought in the previous month. 10 Stationary bought on credit for R6 000 15 Sales made to customer for R10 000 cash with a cost price of R5 000 20 Rental paid for building cash R4 000 25 Stationary bought on credit R8 000 30 Salaries paid R10 000 cash REQUIRED: Prepare the general journal entries for the month of November 2019. A

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

4th Canadian edition

1118856996, 978-1118856994

More Books

Students also viewed these Accounting questions