Question 2 (Marks: 30) The following information was taken from the books of Dumbledore Magic World for April and May 2019. List of balances in the Debtors ledger of Dumbledore Magic World as at 30 April 2019 Debtor Fol. Amount(R) H. Potter D1 16 780.45 D2 20 750.22 H. Granger R. Weasley D3 13 240.33 L. Voldermort D4 8 650.12 D. Malfoy D5 12 400.08 Output Sales Debtors Journal of Dumbledore Magic World - May 2019 Doc Date Details Fol. Debtors No. Control INV4782 H. Granger D2 24 560.26 INV4798 L. Voldemort D4 45 970.65 VAT 3 203.51 21 356.75 39 974.48 5 996.17 INV480 13 H. Potter D1 14 600.76 1 904.45 12 696.31 INV481 | 15 D5 18 730.55 2 443.12 16 287.43 D. Malfoy R. Weasley INV482 | 18 D3 27 640.11 3 605.23 24 034.88 INV483 24 H. Potter D1 33 210.79 4 331.84 28 878.95 164 713.12 21 484.32 143 228.80 Debtors allowances journal of Dumbledore Magic World- May 2019 Doc Date Details Input VAT Sales Fol. Debtors Control No. Returns 9 348.39 CN145 4 H. Granger D2 10 750.65 1 402.26 CN146 14 H. Potter D1 3 670.67 478.78 3 191.89 CN147 25 D3 17 640.56 2 300.94 15 339.62 R. Weasley H. Potter CN148 27 D1 12 650.86 1 650.12 11 000.74 44 712.74 5 832.10 38 880.64 Cashbook Receipts of Dumbledore Magic World-May 2019 Doc Date Details Fol. Bank Sales Debtors control Output VAT Sundries Amount No. Fol. Details CRR567 1 FG.Limited 7085.35 47 235.63 54 320.98 8 430.55 CRR568 5 J.Jonas 1 099.64 7 330.91 Service Fee DR236 15 H.Potter D1 CRR569 17 Cash 2 128.80 14 191.98 DR237 20 D.Malfoy D5 5 000.00 5 000.00 16 320.78 29 574.09 29 574.09 41 106.95 41 106.95 154 753.35 75 681.04 DR238 29 H.Potter 10 313.79 61 427.61 7330.91 20 2020 Fol. Debit Credit 1 353.50 General Journal of Dumbledore Magic World- May 2019 Doc No. Date Details JV54 20 Sales Input VAT Debtors Control (D. Malfoy) (Settlement discount of 5%) 203.03 D5 1 556.53 JV55 29 Sales 1 881.32 Input VAT 282.20 Debtors Control D1 2 163.52 JV56 31 47 496.32 7 124.45 D4 54 620.77 (H. Potter) (Settlement discount of 5%) Credit Losses Input VAT Debtors Control (L. Voldemort) (Amount written off as irrecoverable) Debtors Control H. Granger) Interest Received (Interest on overdue account at 10% per annum) JV57 31 D2 3 455.98 3 455.98 The bank statement at the month end revealed the following: The cheque received from H. Potter on 29 May 2019 in settlement of his account was returned by the bank marked R/D on 31 May 2019. This transaction was not accounted for and no journal entry has been processed. These entries need to be processed. 20 2020 (15) Required: Q.2.1 Open, post to and balance the debtors control account in the general ledger of Dumbledore Magic World for May 2019. The balance brought down on 1 May 2019 was R 71 821.20