QUESTION 1 COST CALCULATIONS (13 MARKS) 1.1 Complete the table by filling in the missing information in the answer table below. Round off all numbers to the nearest % and show cents for R amounts. No. Cost Price Profit% Selling price Profit Amount 1 A 150% R1 500 B 2 R1 450 25% C D 3 E 50% R75 450 R37 725 Answers to Question 1.1 B C D E 1.2 State the source document and journal for each transaction below. Answers to Question 1.2 Journal Source Document Bank statement Example: Paid wages of 3 casual workers, R 6 000 CPJ 1) ABASA paid R 100 000 loan into the business account. 2) Paid insurance with an EFT. 3) Received R5 00 from a tenant for rent. 4) Cash sales, R2 000. 2