Fundamentals of accounting

5 elearning.unam.edu.na X Course Hero X Wh AFE3582_2020_52_D: Assignment X 5 2020 Distance Assignments - AFE X + X C @ File | C:/Users/HP/Downloads/2020%20Distance%20Assignments%20-%20AFE3582%20-%20Fundamentals%20of%20Accounting%20B.pdf Error . .. it: Apps 2 Baller Wives Season... X Ride Along 2 (2016).. Objects - Unlockin... methods-of-evaluat CFLIN Watch Grey's Anato ELIA Watch New York Mi. Watch Desperate H... a SOLUTION: A popul.. 2020 Distance Assignments - AFE3582 - Fundamentals of Accounting B.pdf 14 / 19 Question 3 40 Marks Jayty has not kept proper bookkeeping records, but she has kept notes in a personal note form of her business transactions as at 31 May 2020. The following transactions relate to financial year ended on 31 May 2019. DR CR Bank 18 200 Cash 1 400 Accounts Receivable and Payable 7 800 6 850 Motor Vehicle (Net Depreciation) 22 500 Furniture and Fittings at cost 16 700 Inventory - 31 May 2018 8 490 Prepaid Rent and Accrued Stationery Expense 510 150 During the financial year ended 31 May 2020, the following transactions occurred. Paid suppliers N$ 26 400 by cheque and N$ 990 by cash. During the year received N$ 38 800 by O Type here to search e N4 A I ENG 9:02 PM 10/18/20205 elearning.unam.edu.na X Course Hero X Wh AFE3582_2020_52_D: Assignment X 5 2020 Distance Assignments - AFE X + X -) C File | C:/Users/HP/Downloads/2020%20Distance%20Assignments%20-%20AFE3582%20-%20Fundamentals%20of%20Accounting%20B.pdf Error . .. it: Apps Baller Wives Season... X Ride Along 2 (2016).. Objects - Unlockin.. methods-of-evaluate.. Bus Watch Grey's Anato OFLIA Watch New York Mi. Watch Desperate H... a SOLUTION: A popul.. 2020 Distance Assignments - AFE3582 - Fundamentals of Accounting B.pdf 14 / 19 Prepaid Rent and Accrued Stationery Expense 510 150 During the financial year ended 31 May 2020, the following transactions occurred. Paid suppliers N$ 26 400 by cheque and N$ 990 by cash. During the year received N$ 38 800 by cheque and N$ 2 600 by cash. N$ 1 200 set-off was negotiated and granted. During year, customer refund amount to N$ 500. Stationery expense paid during the year was N$ 8 700 and was paid by bank cheque. Rent expense was also paid an amount of N$ 3 420 by cheque. The following expenses were paid by cheque: Transport Expense N$ 750, Telephone Expense N$ 2 150 and General Expense N$ 680, Staff Welfare N$ 500 and by cash Municipal Service N$ 380. Motor vehicle was acquired on 01 June 2018 and is depreciated at 10% per annum, Furniture and fittings was also acquired on 01 June 2019 and depreciated at 10% per annum and both on straight line method and no scrap value. Page 14 of 19 + O Type here to search 9 e N4 A ENG 9:02 PM 10/18/20205 elearning.unam.edu.na X Course Hero X Wh AFE3582_2020_52_D: Assignment X 5 2020 Distance Assignments - AFE X + X -) C File | C:/Users/HP/Downloads/2020%20Distance%20Assignments%20-%20AFE3582%20-%20Fundamentals%20of%20Accounting%20B.pdf Error . .. it: Apps Baller Wives Season... X Ride Along 2 (2016).. Objects - Unlockin... methods-of-evaluate.. tula Watch Grey's Anato [FLIX Watch New York Mi.. Watch Desperate H... a SOLUTION: A popul. 2020 Distance Assignments - AFE3582 - Fundamentals of Accounting B.pdf 15 / 19 At 01 June 2020, the following balances still exist in Jayty books: DR CR Bank 22 000 Cash 2 630 Rent Expense 540 Stationery Expense 300 Inventory - 31 May 2019 5 540 Drawings - 31 May 2019 16 300 Accounts Receivable and Payable 700 1 260 NB: WORKINGS ARE NOT REQUIRED Required: a) Prepare statement of comprehensive income as at 31 May 2020 19 Marks + b) Prepare statement of financial position as at 31 May 2020 20 Marks O Type here to search e N4 A ENG 9:02 PM 10/18/2020