QUESTION 1 (20 marks) You own the firm Smit Attorneys (operating from Durban) and receive instruction from your correspondent, Grey Attorneys (operating from Cape Town) to see to a collection matter. You are instructed to recover debt of R900 000 from Mr Naidoo, on behalf of your correspondent's client, Ms Dahlia. You draft the following statement to Grey Attorneys on 20 November 2021. According to your agreement with Grey Attorneys, they are granted a 30\% correspondent allowance on all income earned by Smit Attorneys as a direct result of services performed with regards to the above matters. 2 Smit Attorneys and Grey Attorneys are both registered VAT vendors. On 30 November 2021, you pay the VAT liability for November 2021 over to the South African Revenue Service (SARS). YOU ARE REQUIRED TO: Prepare all the relevant accounting entries related to the statement above in the following records of Smit Attorneys for November 2021: Books of primary entry (Business Cash Book \& Trust Cash Book only - it is not necessary to show other journal entries) General Ledger (it is necessary to prepare a VAT Control Account, but it is not necessary to prepare control accounts for business debtors and trust creditors) Business Debtor (Client) Ledger Trust Creditor Ledger Take note: should the amount applicable to a transaction include cents, round off your answer to the nearest full rand