GJ4 877 123 Cash receipts captured in the Cashbook Receipts (CBR4) regarding debtors were as follows (in the Debtors Control column): Receipt RC55 issued on 3 April to B Behr for paying R5 000. Receipt RC56 issued on 7 April to D Daniels for paying 8 000 Receipt RC57 issued on 30 April to C Cawood for settling their account in full General Journal of OnFire Stores - April 2018 Doc No. Date details Fol. Debit Credit JV33 30 Creditors Control (D Daniels) CS 3000 Debtors Control (D Daniels) D3 3 000 Balance Transferred JV34 30 Sales Input VAT Debtors Control (C Cawood) 1 000 Settlement discount granted for settlement of account Additional information: The bank statement at the end of the month revealed the following: Cheque received from B Behr was returned by the bank marked RD on 30 April 2018. This transaction has not yet been recorded. OnFire Stores does not expect to award any settlement discounts, nor does it expect to qualify for settlement discounts. All settlement discounts are therefore deemed to be incidental in nature. Required: Q.2.1 Open, post to and balance the debtors control account (B5) in the general ledger of OnFire Stores for April 2018. March and April 2018: List of balances in the Debtors Ledger of OnFire Stores as at 31 March 2018 Dbtor Fol. Amount B Behr D1 21 500 C Cawood D2 18 400 D Daniels 24 323 D3 Debtors Journal of OnFire Stores - April 2018 DJ4 Doc No. Date Details Fol. Debtors Output VAT Sales Control INV951 M Mgotso D4 4 500 553 3947 INV96 55 B Behr DI 4 000 491 3 509 INV97 8 K Kalilwe D5 7 500 921 6 579 INV98 15 C Cawood D2 2 000 246 1 754 INV99 23 D Daniels D3 3 500 430 3070 INV100 28 M Mgotso D4 1 000 123 877 22 500 2 764 19 736 Debtors Allowance Journal of OnFire Stores - April 2018 DAJI Doc No. Date Details Fol. Debtors Input VAT Sales Control Returns CN812 B Behr DI 2 500 307 2 193 CN827 D Daniels D3 6 000 737 5263 CN83 16 C Cawood D2 8 500 1 044 7456 CN84 29 M Mgotso D4 1 500 184 1 316 18 500 2 272 16 228 GJ4 877 123 Cash receipts captured in the Cashbook Receipts (CBR4) regarding debtors were as follows (in the Debtors Control column): Receipt RC55 issued on 3 April to B Behr for paying R5 000. Receipt RC56 issued on 7 April to D Daniels for paying 8 000 Receipt RC57 issued on 30 April to C Cawood for settling their account in full General Journal of OnFire Stores - April 2018 Doc No. Date details Fol. Debit Credit JV33 30 Creditors Control (D Daniels) CS 3000 Debtors Control (D Daniels) D3 3 000 Balance Transferred JV34 30 Sales Input VAT Debtors Control (C Cawood) 1 000 Settlement discount granted for settlement of account Additional information: The bank statement at the end of the month revealed the following: Cheque received from B Behr was returned by the bank marked RD on 30 April 2018. This transaction has not yet been recorded. OnFire Stores does not expect to award any settlement discounts, nor does it expect to qualify for settlement discounts. All settlement discounts are therefore deemed to be incidental in nature. Required: Q.2.1 Open, post to and balance the debtors control account (B5) in the general ledger of OnFire Stores for April 2018. March and April 2018: List of balances in the Debtors Ledger of OnFire Stores as at 31 March 2018 Dbtor Fol. Amount B Behr D1 21 500 C Cawood D2 18 400 D Daniels 24 323 D3 Debtors Journal of OnFire Stores - April 2018 DJ4 Doc No. Date Details Fol. Debtors Output VAT Sales Control INV951 M Mgotso D4 4 500 553 3947 INV96 55 B Behr DI 4 000 491 3 509 INV97 8 K Kalilwe D5 7 500 921 6 579 INV98 15 C Cawood D2 2 000 246 1 754 INV99 23 D Daniels D3 3 500 430 3070 INV100 28 M Mgotso D4 1 000 123 877 22 500 2 764 19 736 Debtors Allowance Journal of OnFire Stores - April 2018 DAJI Doc No. Date Details Fol. Debtors Input VAT Sales Control Returns CN812 B Behr DI 2 500 307 2 193 CN827 D Daniels D3 6 000 737 5263 CN83 16 C Cawood D2 8 500 1 044 7456 CN84 29 M Mgotso D4 1 500 184 1 316 18 500 2 272 16 228
