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On 2 January 20.2, a tenant of B&D Dealers, did an electronic funds transfer of R270 000 into B&D Dealers business bank account. The monthly
On 2 January 20.2, a tenant of B&D Dealers, did an electronic funds transfer of R270 000 into B&D Dealers business bank account. The monthly rental is R18 000 per month. The financial year-end is 31 December 20.2. What will the closing transfer entry for the transaction on 31 December 20.2 be? Instructions: 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Round off to the second decimal after the full stop (eg: 50.56) 3. For embedded questions spelling is very important. If you spell the answer incorrect it will be marked incorrect. Please make sure that your spelling of the words is correct. 4. Dont use any special characters (&) and dont use bold in your answer. It will be marked incorrect. 5. Do not use any abbreviations. 6. Your answer is case sensitive; therefore, you need to put the very first letter of the answer in uppercase, but the rest of your answer must be in lowercase (eg: Interest on loan)
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