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Question 2 (20 marks -36 minutes) Ms. Vishoni who trades as Vision sole trader had the following transactions for the month March 2016: of 1

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Question 2 (20 marks -36 minutes) Ms. Vishoni who trades as Vision sole trader had the following transactions for the month March 2016: of 1 Mar Started business with N$220,000 in the bank. 3 Mar She bought goods on credit from Metro Wholesalers, N$25,000. 4 Mar Bought office chairs to be used in the business, N$40, 000 and paid by cheque 7 Mar She sold goods to Robert on credit for N$5,000. 8 Mar Bought goods for cash, N$34,000 9 Mar Goods of the wrong colour was returned to Metro Wholesalers, N$3,000 11 Mar Part of the building was given out for rent and the tenants paid, N$4,000 13 Mar She received a cash amount of N$4,900 from Robert in full settlement. 19 Mar Bought a car from Pupkewitz Toyota, N$140,000 and paid by cheque. 20 Mar Cash paid to Metro Wholesaler in full settlement N$20,000. Required Show the journal entries necessary to record the above items

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