Please assist with Question 5

X COMDEGA 1. Novex My Devices Chegg.com Users/user/AppData/local/Temp/MicrosoftEdge Downloads/d0165176-2687-42de-bdab-73771676d5d/ECOMDEG_ACC A Read aloud Draw of business Show all workings Round oft all workings to the nearest Rand (25) QUESTION FIVE [10] Sizwe General Dealers is a business engaged in the retail of household cleaning products The business is a registered VAT vendor Tha perpetual inventory system is used to record al trading stock transactions, VAT is applicable at 15% The following transactions took place during July 2020 1. Purchased trading stock for R38 00 (exclusive of VATY and paid by EFT 2. Sold trading stock for R34 500 (inclusive of VAT) to a customer who had already paid by EFT. The cost price of the goods sold was R20 000 3. A Stock take revealed that trading stock on hand on 31 July 2020 was valued at R18 600. There was no stack on hand at 1 July 2020 4. You may assume that the above were the only trading stock transactions that took place during July 2020 Required: Record the movie transactions in the generalmal of Swe General Dealers for July 2020. Show wonings for all calculations. A triel narration is required END OF QUESTION PAPER U