Question 2 [28] Mr L Mactans runs a successful computer shop, Bishopi Dealers. All inventories are sold at a 35% markup on cost. The following information is available for February 2021. Bishopi is not a registered VAT vendor. Date Transaction 1. 2. Mr L Mactans deposited R135 500 in the bank account of Bishopi Dealers as capital. Paid rent to Funnel Properties for February 2021, R11 500 (cheque 37). Bought inventory on credit from a new supplier, Tityus, R18 050 (invoice IN1099) end pg up pg dn TUTORIAL LETTER I (ASSIGNMENT 1) - 2021 FIRST SEMESTER ACCIO ACCOUNTING 8. Sold inventory on credit to C Red, R20 925. Issued invoice no. 186. 9. Sold inventory for cash, R27 540 (receipt R142). Received a cheque from C Red as payment on his account, R6 000. This amount was deposited with the cash sales. Issued receipt no. R143. (The balance owed by C Red on 1 February 2021 was R11 500.) 15. Cashed cheque no. 38 for wages, R8 500. 16. Sold inventory for cash, R23 220 (receipt R144). Bought inventory on credit from Fattail, R31 500 (invoice M1068). 19. Issued cheque no. 39 to Bark Suppliers for inventory, R21 250. 22. Sold inventory on credit to Arizona, R24 975. Issued invoice no. 187. Purchased inventory from Scorpion Suppliers, R62 600 (cheque no. 40). 23. Received a cheque from C Red as full settlement of his account. This was deposited with the cash sales. Issued receipt no. R145. 24. Issued cheque no. 41 to Tityus, being payment on the account in full. Sold inventory on credit to L Yellow, R21 600. Issued invoice no. 188. 25. Bought a computer for the office from Arabian on credit for R35 250, as well as inventory for R4 955. Received invoice 698. / 9 8 pg up 5 2 3 pg dn Required: Record the transactions for February 2021 in the following subsidiary journals: 2.1. delete (10) (7) (6) Cash Receipts Journal Cash Payments Journal Debtors Journal Creditors Journal 2.2. 2.3. (5) 2.4. Cash Receipts Journal of Bishopi Dealers for February 2021 Ford Analysis of receipts Bank Sales COSE Sale cono Amour FO (10) 2.2. Cash Payments Journal of Bishopi Dealers for February 2021 Sundry Doc Creditors control Date Fol. Details Wages Bank Inventory Amount Details Fol. AL hese window position Window 6 8 Macro 10 2.2. 11 12 13 Cash Payments Joumal of Bishopi Dealers for February 2021 Details Bank Inventory Creditors Control Wages Amoun De 2.3 Debtors Journal of Bishopi Dealers for February 2021 Doc Date Debtor Fol. Debtors control Sales Cost of sales Erichsh (United States frisert STADIG SB 24 Creditors Journal of Bishopi Dealers for February 2021 Sundry Doc Date Creditor Fol. Creditors control Inventory Amount Details Fol