Question 1 Amounts are 14% VAT inclusive, where applicable. All calculations are to be done to the nearest cent.) On 1 January 2007, Pets Traders had the following balances: R 2 287 Stock Bank (favourable) Debtors: A Adams B. Brown Furniture R 1 500 1 200 171 855 1 000 Capital VAT control (Cr.) Creditors: F. Farmell P. Peter 900 1 197 342 The following transactions took place during January 2007: Cash sales - Cash Register Date a. De Original credit invoices received: Dale 4 8 10 684 P. Smith for goods . Lotz for stationery S. Pretorius for office desk F. Farmell for goods 285 2 052 Duplicate credit invoices issued: A Adams for goods B Snell for goods R 1 026 1 482 Duplicates of receipts issued Jan. 4 4 No. 10 B. Brown in settlement less 5% discount 11 - H Owner for rent of the shop 12A Debt for an account written off as bad debt during November 1995 13 - S. Swart for old furniture sold 570 Credit testere for diseturned: Credit notes received for goods returned: Date Jan. 8 P. Peter Cheques issued: Date Jan. No. 40 - F. Farmell in settlement less 5% discount Cash for petty cash imprest Makro for goods SABC for advertising P. Peter for goods City council for electricity SARS (VAT) P. Flat for rent of private house of the owner 100 570 342 2 280 228 900 456 Sundry transactions: Date Jan. 31 Items on the bank st Items on the bank statement, but not in the cash book: (a) Service fees (b) Interest on savings account (c) Cheque from S. Swart unpaid (refer January 25) Closing stock: Goods 4 500 Required THESE Cheques issued Date BGN No. 40 - F. Farmell in settlement less 5% discount 41 - Cash for petty cash imprest 42 - Makro for goods 43 SABC for advertising 44 - P. Peter for goods 45 - City Council for electricity 46 SARS VAT) 47 P. Flat for rent of prive house of the owner 2 280 228 900 Sundry brie tems on the bank statement, but not in the cash book (al Service fees i nicest on sa e) Chegue troms. Swart unpaid refer January 25) Closeg stock Goods Required 4500 Record the transactions in the correct subsidiary jumals, post to the genean l e, achos de and creditor ley and draw up stribe 1251 (Amounts are 14% VAT inclusive, where applicable. All calculations are to be done to the nearest cent.) On 1 January 2007, Pets Traders had the following balances Stock Bank (favourable) Debtors: A. Adams B. Brown Furniture 1 500 1 200 171 855 1 000 Capital VAT control (Cr.) Creditors: F. Farmell P. Peter R 2 287 900 1 197 342 The following transactions took place during January 2007: Cash sales - Cash Register Date Jan. 7 R 228 342 456 Original credit invoices received: Date Jan. 4 8 10 P. Smith for goods J. Lotz for stationery S. Pretorius for office desk F. Farmell for goods 684 57 285 2052 Duplicate credit invoices issued: Date Jan. 11 17 A. Adams for goods B. Snell for goods 1 026 1 482 Duplicates of receipts issued: Date Jan. 4 No. 10 - B. Brown in settlement less 5% discount 11 - H. Owner for rent of the shop 12 - A. Debt for an account written off as bad debt during November 1995 13 - S. Swart for old furniture sold 570 228 Credit notes received for goods returned: Date Jan. 8 P. Peter Cheques issued: R Date Jan. 5 u 5 M No. 40 - F. Farmell in settlement less 5% discount 41 - Cash for petty cash imprest 42 - Makro for goods 43 - SABC for advertising 44 - P. Peter for goods 45 - City Council for electricity 46 - SARS (VAT) 47 - P. Flat for rent of private house of the owner 100 570 342 2 280 228 900 456 Sundry transactions: Date Jan. 31 Items on the bank statement, but not in the cash book (a) Service fees (b) Interest on savings account (c) Cheque from S. Swart unpaid (refer January 25) Closing stock: Goods 4 500 Required Record the transactions in the correct subsidiary journals, post to the general ledger, debtors ledger and creditors ledger, and draw up a trial balance, Question 1 Amounts are 14% VAT inclusive, where applicable. All calculations are to be done to the nearest cent.) On 1 January 2007, Pets Traders had the following balances: R 2 287 Stock Bank (favourable) Debtors: A Adams B. Brown Furniture R 1 500 1 200 171 855 1 000 Capital VAT control (Cr.) Creditors: F. Farmell P. Peter 900 1 197 342 The following transactions took place during January 2007: Cash sales - Cash Register Date a. De Original credit invoices received: Dale 4 8 10 684 P. Smith for goods . Lotz for stationery S. Pretorius for office desk F. Farmell for goods 285 2 052 Duplicate credit invoices issued: A Adams for goods B Snell for goods R 1 026 1 482 Duplicates of receipts issued Jan. 4 4 No. 10 B. Brown in settlement less 5% discount 11 - H Owner for rent of the shop 12A Debt for an account written off as bad debt during November 1995 13 - S. Swart for old furniture sold 570 Credit testere for diseturned: Credit notes received for goods returned: Date Jan. 8 P. Peter Cheques issued: Date Jan. No. 40 - F. Farmell in settlement less 5% discount Cash for petty cash imprest Makro for goods SABC for advertising P. Peter for goods City council for electricity SARS (VAT) P. Flat for rent of private house of the owner 100 570 342 2 280 228 900 456 Sundry transactions: Date Jan. 31 Items on the bank st Items on the bank statement, but not in the cash book: (a) Service fees (b) Interest on savings account (c) Cheque from S. Swart unpaid (refer January 25) Closing stock: Goods 4 500 Required THESE Cheques issued Date BGN No. 40 - F. Farmell in settlement less 5% discount 41 - Cash for petty cash imprest 42 - Makro for goods 43 SABC for advertising 44 - P. Peter for goods 45 - City Council for electricity 46 SARS VAT) 47 P. Flat for rent of prive house of the owner 2 280 228 900 Sundry brie tems on the bank statement, but not in the cash book (al Service fees i nicest on sa e) Chegue troms. Swart unpaid refer January 25) Closeg stock Goods Required 4500 Record the transactions in the correct subsidiary jumals, post to the genean l e, achos de and creditor ley and draw up stribe 1251 (Amounts are 14% VAT inclusive, where applicable. All calculations are to be done to the nearest cent.) On 1 January 2007, Pets Traders had the following balances Stock Bank (favourable) Debtors: A. Adams B. Brown Furniture 1 500 1 200 171 855 1 000 Capital VAT control (Cr.) Creditors: F. Farmell P. Peter R 2 287 900 1 197 342 The following transactions took place during January 2007: Cash sales - Cash Register Date Jan. 7 R 228 342 456 Original credit invoices received: Date Jan. 4 8 10 P. Smith for goods J. Lotz for stationery S. Pretorius for office desk F. Farmell for goods 684 57 285 2052 Duplicate credit invoices issued: Date Jan. 11 17 A. Adams for goods B. Snell for goods 1 026 1 482 Duplicates of receipts issued: Date Jan. 4 No. 10 - B. Brown in settlement less 5% discount 11 - H. Owner for rent of the shop 12 - A. Debt for an account written off as bad debt during November 1995 13 - S. Swart for old furniture sold 570 228 Credit notes received for goods returned: Date Jan. 8 P. Peter Cheques issued: R Date Jan. 5 u 5 M No. 40 - F. Farmell in settlement less 5% discount 41 - Cash for petty cash imprest 42 - Makro for goods 43 - SABC for advertising 44 - P. Peter for goods 45 - City Council for electricity 46 - SARS (VAT) 47 - P. Flat for rent of private house of the owner 100 570 342 2 280 228 900 456 Sundry transactions: Date Jan. 31 Items on the bank statement, but not in the cash book (a) Service fees (b) Interest on savings account (c) Cheque from S. Swart unpaid (refer January 25) Closing stock: Goods 4 500 Required Record the transactions in the correct subsidiary journals, post to the general ledger, debtors ledger and creditors ledger, and draw up a trial balance