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Question 2 [33] Yakima Traders sells clothing to the public. A constant gross profit percentage of 40% on cost price is maintained. The following
Question 2 [33] Yakima Traders sells clothing to the public. A constant gross profit percentage of 40% on cost price is maintained. The following transactions took place during April 2022. Ignore VAT. 1. 4. 5. M Mathilda, the owner of Yakima Traders, transferred R150 000 of his own funds to the entity's bank account. Purchased trading inventory from Estrella Enterprises on credit, R65 943. Received invoice EE295. Issued credit invoice 364 to D Doble, R31 619. The balance on D Doble's account was R15 689 on 1 April 2022. Paid monthly rent, R28 880, via electronic transfer, referenced T0401, to El Bulli.
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