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PART B Jumbo Traders received a statement dated 31 January 2021 from their main supplier, SA Quality- Foods. The business is NOT registered for VAT.

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PART B Jumbo Traders received a statement dated 31 January 2021 from their main supplier, SA Quality- Foods. The business is NOT registered for VAT. You compared the statement to the account in the payables ledger of Jumbo Traders and discovered the following: 1. Invoice 445 for R6 000 has been recognised twice in Jumbo Traders' records. 2. Invoice 459 is correctly reflected on SA Quality-Foods' statement as R10 880 (after a trade discount of 20%) while the amount is shown in Jumbo Traders' records before trade discount 3. Invoice 460 for R3 600 has been recognised in Jumbo Traders' records as purchases retums. 4. The balance of SA Quality-Foods account in Jumbo Traders' payables ledger on 31 January 2021, before the correction of the above errors, amounted to R34 400. 5. SA Quality Food offered a 10% settlement discount if Jumbo Traders settle the outstanding balance within 30 days from the 1st of February 2021. Jumbo Traders intends paying their account by 10 February 2021 in order to enjoy the benefit of the 30 days' settlement discount offered by the supplier REQUIRED: MARKS Calculate the amount payable by Jumbo Traders if payment is made on or before 10 February 2021. [10]

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