Question
Question 3 (15 marks) The following transactions were obtained from the business documents of Shappi Traders for May 2021. May 1: Bought a vehicle on
Question 3 (15 marks)
The following transactions were obtained from the business documents of Shappi Traders for May 2021.
May 1: Bought a vehicle on credit from Dawid's Garage for N$50 395. May 3: A debt of N$810 owing from Pius Knight was written off as a bad debt. May 8: Office furniture bought by us for N$6 100 was returned to the supplier Tamwa's Ltd, as it was unsuitable. May 12: R-Twig bought equipment for N$5 600. May 14: Took goods costing N$220 out of the business inventory for private use. May 28: Insurance paid by cheque includes N$ 550 and N$ 100 for the business and for the owner's residential house respectively. May 28: Bought fixture and fittings for N$3 500 from Space-time Ltd.
You are required to: Record the transactions in the General Ledger of Shappi Traders for May 2021.
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