ING FOR MANAGERS Question 3 [21] Supa Smoothies signed a contract with one of its new suppliers, Fruity Tooty. Supa Smoothies will buy all its stock from Fruity Tooty. Fruity Tooty allows Supa Smoothies to buy on credit from them because there will be many transactions between the two businesses. Both businesses are not registered for VAT. The following balance appeared in the books of Supa Smoothies on 1 April 2021: Fruity Tooty Cr balance R98 427 The following transactions took place during the month of April 2021: 2 Purchased stock from Fruity Tooty for R5 489. Received invoice FT89. 4 5 6 Made a payment to Fruity Tooty for R25 525 as a payment for previous purchases. CQ 444 was issued. Returned goods bought previously on the 2nd and received credit note CN77 for R2 489 from Fruity Tooty. Bought some equipment on credit from Milky Suppliers. Received invoice MS145 for R12 455. 7 Made another payment to Fruity Tooty for R35 765. CQ 455 was issued. 9 It was realised that invoice FT89 was undercast by R1 513. Received debit note DN13 from Fruity Tooty. 11 Milky Suppliers informed Supa Smoothies that the equipment bought on the 6th must be returned because they have found a factory fault on the equipment. Credit note CN33 was received from Milky Suppliers. 28 Fruity Tooty offered Supa Smoothies a 6% discount if they settled their account before the end of the month. Supa Smoothies used an EFT to settle the account. Required: Prepare the following journals and ledger account of Supa Smoothies for the month of April 2021: 3.1 Creditors Journal of Supa Smoothies 3.2 Creditors Allowances Journal of Supa Smoothies 3.3 Individual creditors ledger account of Fruity Tooty