QUESTION 1 (1s MARKS) a) (5 marks) You have been approached by a client who needs to register his business as a private company. The client advised that their company has been successfully reserved as a customer with CIPC on their website. The client needs assistance with details and documentary evidence required to register both manually or online REQUIRED Outline to the client the details and documentary evidence needed to register as a private company once company name has been successfully reserved. b) (13 marks) Identify and discuss the way in which a company can dissolve and explain additional steps involved in the dissolution of a public company QUESTION 2 a} (23 MARKS) (11 marks) You have been presented with the following information for Kingdom Traders that transpired during the month of June 2023 Date 01 June 2023 03 June 2023 21 June2023 29 June 2023 Required: Transaction Purchased inventory amounting to R10 200 Made a long-term investment by acquiring shares worth R8 160 from Lady Sate Ltd. Cash in the petty cash box amounted to R1 000. Goods sold to customers amounted to R11 250. However. onty R4 000 was received from customers by the end of the month. Identify the asset in each of the above transactions and classify it as either current or noncurrent by writing the total amount of the asset in the relevant column. Answer the question by using the following format: mm Non-current (a) b) You are presented with the following information for Kingdom Traders for the year ending 30 June 2023. _ Bank overdraft Trading inventory SARS payables Petty cash Long term loan Financial assets Required: Calculate the owner's equity for Kingdom Traders for the year ending 30 June 2023. Show all your workings. (12 marks) QUESTION 3 (35 MARKS] a) {26 marks) You have been presented with the following information for Bubble Traders that transpired during the month of July 2023. The owner contributed an amount of R75 000 cash. as well as motor _ Bubble Traders purchased trading inventory for R11 666 on credit from _ The insurance premium of R4 514 was paid through the electronic funds _ A cash sale amounting to R35 714 was made. the goods were originally I \" Bubble Traders settled their account with Chain Suppliers in full by cash. Sold goods on account to a customer. Mr. Bitcoin tor R10 214. The I _ _ 27 Made electronic payments for the workers' sataries and wages amounting to R16 000. m Received a payment of R10 214 from Mr. Bitcoin. a debtor. Required: Show the effects of the transactions incurred by Bubble Traders during the month of July 2023 on the accounting equation. Clearly indicate which account needs to be debited or credited. Ignore VAT and answer this question by using the format of the table provided on the next page. Example: Paid for repairs and maintenance amounting to R11 000 cash. Amount Debited Assam: Equity 1- Liabilities Credited Repairs and -R11 000 maintenance b) (9 marks) Show how the following transactions [or July 2023 will reect in [he ledger accounts of Bubble Traders. i. Purchased motor vehicle on cash for R13 600. i. Paid monthly wages amounting to R15 220 cash. ii. Paid the monthly rent for R4 500 cash. QUESTION 4 (24 MARKS) The following transactions for ABC Traders transpired during the month of September 2023. Date Details at transactions The owner for ABC Traders. contributed a delivery vehicle valued at R 36 100 to the business. Journal voucher JV 012 was issued. The owner. for ABC Traders took trading inventory with a cost price of R 500 for personal use. Journal voucher JV 013 was issued. Charged an amount of R 800 to Mr MC. a debtor. as interest on his overdue account. Journal voucher JV 014 was issued. Settlement discount of R 550 was granted to C. Fortunes. a debtor. for early settlement of his account. Journal voucher JV 015 was issued. The bookkeeper erroneously recorded the purchases of a motor vehicle in the ofce equipment account The motor vehicle was purchased for R 24 000 by bank. Journal voucher JV 016 was issued. Mr Owen. a debtor. was declared insolvent. As a resutt. he was not abte to pay the amount owed of R 11 000. The bookkeeper decided to treat the amount as being irrecoverable. Journal voucher JV 017 was issued. Required: Record the transactions {per the table above) in the general journal of ABC Traders tor the month of September 2023. Ignore VAT and narrations are not required