Owl Traders is a trading entity that buys and sell books. The owner, Owl Wong, asked for your assistance in understanding how the various accounting reports for February $2024$

NOTE:

VAT is included in all amounts where applicable, unless otherwise stated.

The current VAT cycle ends on $28$ February $2024.$

Assume that the control system is in use for both debtors and creditors.

Round all amounts to the nearest Rand.

REQUIRED

The accountant provided you with totals from the following reports drawn from the accounting system for the month ended $28$ February $2024.$

Complete the table below by typing:

Type the amount to debit or credit in the last column.

NOTE: You must only type the number without spaces or Rand signs or negatives or brackets, e$.$g$.1000,$ and not $(1000)$ or $-1000.$

The first two rows have been completed as examples for you to follow. Remember to type $"$NA$"$ for "not applicable" if there is no debit, credit or amount that is applicable.

$\backslash$table$[[$Information from report,R$,\backslash$table$[[$VAT input $($type: debit, credit or$],[$NA$)]],\backslash$table$[[$VAT output $($type: debit, credit or$],[$NA$)]],\backslash$table$[[$VAT$],[$Amount$]]],[$Payments made to creditors,$71000,$NA$,$NA$,$NA$],[$Credit purchases $($excluding VAT$),89400,$debit,NA$,13410],[$Total cash sales received from customers,$69000,,,],[$Cash received from debtors,$33600,,,],[$Total credit sales made to customers,$58650,,,],[$Original credit notes received,$21390,,,],[\backslash$table$[[$Petty cash purchases:$],[$Fuel R$953],[$Staff refreshments R$345],[$Data costs for receptionist R$1298]],2596,,,],[$Duplicate credit notes retained,$28750,,,]]$