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Question 1 25 Marks The following transactions was extracted from the books of Tesco The owner of Tesco Traders took a loan from FD Traders
Question 1 25 Marks The following transactions was extracted from the books of Tesco The owner of Tesco Traders took a loan from FD Traders for February 2019. 1. Bank of NS 25 800 before starting the business and invested the money into Tesco Traders; 2. The business ess acquired motor vehicle worth NS 10 500 from Chi Toyota on credit, goods valued at N$ 5 000 and received a cheque of N$ 4 750 from Unam in exchange for goods; 4. P 5. Issued a debit note for N$ 300 to Game Store 6. Settled Game Store account in full settlement an amount N$ 4 000 by cheque; 7. Sold goods on credit to Mr. TT worth N$ 10 000; 8. Received a cheque from Mr. TT after allowing 5% settlement discount; 9. Owner took his personal cheque and paid for business rent of N$ 6 000 and for his son urchased goods for resale worth N$ 4 500 on credit from Game Store; Unam tuition fee of N$ 11 200. 10. Tesco Traders received a Furniture from Company A as a token of appreciation, worth N$ 2 350. 11. A debtor Ms. HK owed N$ 1 400, was declared bankcrupt. Required: Journalise the above transactions for February 2019: NARATIONS ARE NOT REQUIRED Page 9 of 16
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