Otho owns a pet shop, Nero Enterprises.

The entity uses the perpetual inventory system to manage its inventory. All inventory sold is sold at 33% markup on cost.

Nero Enterprises is not registered as a VAT vendor, as the annual turnover is not expected to exceed R1 000 000. The entity also decided not to voluntary register for VAT.

The following is a summary of the source documents you received from Otho for April 2020:

1 The owner, Otho, deposited R46 000 in the bank as a further capital contribution.

Receipt no. 116: Cash sales, R17 024.

3 Cheque no. 197: Purchased a computer from Pertinax for R14 000.

6 Supplier invoice C0222: Purchased inventory from Commodus, R38 000.

Cheque no. 198: Paid the municipality for rates, R11 160.

13 Credit invoice 1120: Sales to Mr Galba, R12 768.

14 Cheque no. 199: Payment to Commodus for 50% of the invoice received on 6 April 2020.

15 Supplier invoice P6811: Received from Nexis for cleaning material, R2 000, as well as trading inventory, R28 657.

20 Cheque no. 200: Purchased inventory from Ela, R14 916.

28 Receipt no. 117: Received R10 100 from Mr Severus, a debtor.

Receipt no. 118: Cash sales, R11 172. This amount was banked with the money as per receipt no. 117.

29 Credit invoice 1121: Issued to Macrinus, R18 221.

30 Cheque no. 201: Cash salaries for the month, R16 860.

On inspection of the bank statement, it is noted that the following transactions are reflected only on the bank statement: deposit of R198 as interest on the favourable bank balance and R85 as the monthly bank fees.

Required:

Record the transactions in the correct subsidiary journals.

2.1. Cash Receipts Journal (11) 2.2. Cash Payments Journal (9) 2.3. Debtors/Sales Journal (4) 2.4. Creditors/Purchases Journal (4)