N/B PART B 20 MARKS Your practice, Raphanza Attorneys is representing Mrs Managa in a matter between her and Ms Rilinde. You have instructed Basina & Sons, the correspondent attorney, to collect R20 000 on behalf of your client. You receive the following statement of account from Basina & Sons Attorneys: Basina & Sons Attorneys PO Box 2398 Pretoria 9529 Raphanza Attorney 30 April 2021 PO Box 376 Makhado 1011 R R Taking Instruction to collect: 20 000 To fees for issuing summons (incl vat) 1035 Sheriffs Fees Paid 221 Collection commission (including vat) 1 150 Your 1/3 allowance (including vat) 728 Cheque herewith 18 322 20 728 20 728 REQUIRED: (10) 1. Provide the journal entries for the above transactions. (Show effects of vat). Ignore any transfer journals (10) 2. Provide the following General Ledger entries for the above transactions. Trust Bank Account Client Account Trust Correspondent Account hsss N/B PART B 20 MARKS Your practice, Raphanza Attorneys is representing Mrs Managa in a matter between her and Ms Rilinde. You have instructed Basina & Sons, the correspondent attorney, to collect R20 000 on behalf of your client. You receive the following statement of account from Basina & Sons Attorneys: Basina & Sons Attorneys PO Box 2398 Pretoria 9529 Raphanza Attorney 30 April 2021 PO Box 376 Makhado 1011 R R Taking Instruction to collect: 20 000 To fees for issuing summons (incl vat) 1035 Sheriffs Fees Paid 221 Collection commission (including vat) 1 150 Your 1/3 allowance (including vat) 728 Cheque herewith 18 322 20 728 20 728 REQUIRED: (10) 1. Provide the journal entries for the above transactions. (Show effects of vat). Ignore any transfer journals (10) 2. Provide the following General Ledger entries for the above transactions. Trust Bank Account Client Account Trust Correspondent Account hsss