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Ms Janaab runs a successful stationery shop, Pakal Dealers. All inventories are sold at a 45% markup on cost. The following information is available for

Ms Janaab runs a successful stationery shop, Pakal Dealers. All inventories are sold at a

45% markup on cost. The following information is available for February 2023. Pakal Dealers

is not a registered VAT vendor.

Date Transactions

1. Ms Janaab deposited R85 500 in the bank account of Pakal Dealers as capital.

2. Paid rent to Maya Properties for February 2023, R11 500 (transfer referenced 23021).

Bought inventory on credit from a new supplier, Palace Products, R18 050 (invoice

IN199).

8. Sold inventory on credit to C Louis, R27 115. Issued invoice no. 313.

9. Sold inventory for cash, R29 899 (receipt 142).

Received cash from C Louis as payment on his account, R8 500 (receipt 143). This

amount was deposited with the cash sales. (The balance owed by C Louis on

1 February 2023 was R11 500.)

15. Cash drawn for wages, R23 952 (referenced 23022).

16. Sold inventory for cash, R24 969 (receipt 144).

Bought inventory on credit from Empire Dealers, R23 999 (invoice M168).

20. Bought inventory for cash from Crown Suppliers, R21 295 (transfer referenced 23023).

22. Sold inventory on credit to Vetsera, R26 825. Issued invoice no. 314.

23. Received proof of payment from C Louis as full settlement of his account. Issued

receipt no. 145.

24. Settled Palace Products account in full (transfer referenced 23024).

Sold inventory on credit to L Johann, R24 215. Issued invoice no. 315.

28. Bought a computer for the office from Ananda on credit for R35 250, as well as

inventory for R4 955. Received invoice 698.

Required:

Record the transactions for February 2023 in the following subsidiary journals:

2.1. Cash Receipts Journal (11)

2.2. Cash Payments Journal (6)

2.3. Debtors Journal (6)

2.4. Creditors Journal (5)

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