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Pure Organics (Pty) Ltd is a business that sells organic supplements to the general public. The company operates on a financial year-end of 31 December
Pure Organics (Pty) Ltd is a business that sells organic supplements to the general public. The company operates on a financial year-end of 31 December and is not registered for VAT. The followina transactions took place durina December 2022 that have NOT vet been g. Pure Organics (Pty) Ltd estimated that it was unlikely to collect 9% of outstanding trade receivables on 31 December 2022. Additional information: - Ignore VAT. - Trade receivables has an opening balance of R156 667 on 1 December 2022. - Allowance for doubtful debts has an opening balance of R19 340 on 1 December 2022. - Ignore the cost of sales and inventory for all relevant transactions. 7 HFAC130-1-Jan-June2023-SA1-LVN-V2-20230307 REQUIRED: Prepare the Trade Receivables general ledger account ( T - Account) to account for the December 2022 transactions in the records of Pure Organics (Pty) Ltd. - Dates are not required. - The account must be closed-off at the end of the month. - Remember to show your workings. - Round up to the nearest rand where applicable. (15 marks)
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