QUESTION 3 (16 MARKS) Kanye West Productions (KWP) is involved in the music and clothing industry. This trading entity and all of its suppliers are registered VAT vendors, and KWP makes use of the periodic inventory system. VAT is currently levied at 15% and is included in the figures listed in the table below where applicable. You have been asked to help the accountants at KWP prepare the monthly journal entries, so that they can leave early to attend the Yeezy Fashion Show. The following transactions took place at KWP during March 2021: Info 1 Info 2 Info 3 Info 4 Sold KWP merchandise on credit to Kim Cardio for R11 040 and granted R690 trade discount to her Scott Lord, who owes KWP a total of R6 670, was declared insolvent. His legal team confirmed that there were only enough funds to pay a percentage of his amount owing. KWP decided to write the remaining 60% of the balance off as bad debts, after Scott's lawyers had made his payment and settled what he could Made an EFT donation to North Hollywood Care Centre to the value of R2 300 KWP purchased merchandise for an upcoming pop-up store, on credit for R155 250. KWP made a cash payment at a night-club for the employees' weekend function (employee entertainment). The bill for the nigh hed amounted to R4 830 Bank charges to the value of R966 appeared on the March 2021 bank statement. A receivable, Kris Cool, paid R7 866 into KWP bank account directly to settle her account. KWP purchased a luxury passenger vehicle from Kloe Motors for R1 472 000 KWP paid a 15% deposit via EFT. The rest of the balance will be settled in equal monthly instalments starting from April 2021. Info 5 Info 6 Info 7 Info 8 REQUIRED: Journalise the above transactions in the general journal of Kanye West Productions for March 2021 Journal narrations are NOT required