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Note: Make sure that you show all your are required. Question 1 Out Of The Box is a registered VAT vendor which sells craft
Note: Make sure that you show all your are required. Question 1 Out Of The Box is a registered VAT vendor which sells craft supplies, and began trading on 1 August. All purchases are made from registered VAT vendors from whom the business always receives valid tax invoices. The business uses the periodic inventory system to account for inventory. Using the complete journal entries, prepare the balance sheet accounts in the general ledger, balancing any accounts required to be balanced. Years may be ignored in the date column; only months (use abbreviations, e.g. "Aug", "Sept") and days must be shown. No rand symbol (R) is required in the "Amount" columns. The complete journals for the month are included in a separate document, titled "UCT BK Module 6 Assignment - Journals for Question 1". Print this document prior to commencing the assignment for easy reference. Complete the following general ledger accounts: Capital
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