Q.2.1

Open, post to and balance the debtors control account in the general ledger of Dumbledore Magic World for May 2019. The balance brought down on 1 May 2019 was R 71 821.20 Use table below.

order. Question 2 (Marks: 30) The following information was taken from the books of Dumbledore Magic World for April and May 2019. List of balances in the Debtors ledger of Dumbledore Magic World as at 30 April 2019 Debtor Fol. Amount(R) H. Potter D1 16 780.45 H. Granger D2 20 750.22 R. Weasley D3 13 240.33 L. Voldermort D4 8 650.12 D. Malfoy D5 12 400.08 Debtors Journal of Dumbledore Magic World - May 2019 Doc Date Details Fol. Debtors Output Sales No. Control VAT INV4782 H. Granger D2 24 560.26 3 203.51 21 356.75 INV4798 L. Voldemort D4 45 970.65 5 996.17 39 974.48 INV48013 H. Potter D1 14 600.76 1 904.45 12 696.31 INV481 15 D. Malfoy D5 18 730.55 2443.12 16 287.43 INV482 18 R. Weasley D3 27 640.11 3 605.23 24 034.88 INV483 24 H. Potter D1 33 210.79 4331.84 28 878.95 164 713.12 21 484.32 143 228.80 20 2020 Debtors allowances journal of Dumbledore Magic World-May 2019 Doc Date Details Fol. Debtors Input VAT Sales No. Control Returns CN145 4 H. Granger D2 10 750.65 1 402.26 9 348.39 CN146 14 H. Potter D1 3 670.67 478.78 3 191.89 CN147 25 R. Weasley D3 17 640.56 2 300.94 15 339.62 CN148 27 H. Potter D1 12 650.86 1 650.12 11 000.74 44 712.74 5 832.10 38 880.64 Cashbook Receipts of Dumbledore Magic World- May 2019 Doc Date Details Fol. Bank Debtors Output Sales Sundries No. control VAT Amount Fol. Details CRR567 1 FG.Limited 54 320.98 7 085.35 47 235.63 CRR5685 J.Jonas 8 430.55 1 099.64 7 330.91 Service Fee DR236 15 H.Potter D1 5 000.00 5 000.00 CRR569 17 Cash 16 320.78 2 128.80 14 191.98 DR237 20 D. Malfoy D5 29 574.09 29 574.09 DR238 29 H.Potter D1 41 106.95 41 106.95 154 753.35 75 681.04 10 313.79 61 427.617 330.91 20 2020 General Journal of Dumbledore Magic World-May 2019 Doc No. Date Details Fol. Debit Credit JV54 20 Sales 1 353.50 Input VAT 203.03 Debtors Control D5 1 556.53 (D. Malfoy) (Settlement discount of 5%) JV55 29 Sales 1 881.32 Input VAT 282.20 Debtors Control D1 2 163.52 (H. Potter) (Settlement discount of 5%) JV56 31 Credit Losses 47 496.32 Input VAT 7 124.45 Debtors Control D4 54 620.77 (L. Voldemort) (Amount written off as irrecoverable) Debtors Control H. Granger) JV57 31 D2 3 455.98 Interest Received 3 455.98 (Interest on overdue account at 10% per annum) The bank statement at the month end revealed the following: The cheque received from H. Potter on 29 May 2019 in settlement of his account was returned by the bank marked on 31 May 2019. This transaction was not accounted for and no journal entry has been processed. These entries need to be processed. Question 2 (Marks: 30) D A e D Fm D Fm t t a O 0 a 0 0 t a a 1 ut 1 i u i e . n e n 1 1 t t S S Q.2.1 (15) Debtors Control B5