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QUESTION 3 (30 MARKS] Candice Attorneys' policy is to place all deposits from clients in its Trust Bank Account, and at the end of each

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QUESTION 3 (30 MARKS] Candice Attorneys' policy is to place all deposits from clients in its Trust Bank Account, and at the end of each day to do the necessary transfer of funds from its Trust Bank to its Business Bank Account. The following transactions took place in the month of September 2021 2021 Sept 1 G Dombo decided to divorce his wife and deposited R 21 000 with Candice Attorneys to cover fees and charges, including advocate fees. G Dombo gave a written instruction that R7 000 be invested in an interest-bearing account at SA Bank C Candice Attorneys executed the instruction. 2 5 6 10 15 18 Candice Attorneys instructed adv. Managa to handle Dombo's divorce proceedings and paid his account to the amount of R 9000 A Maseko, a client of Candice Attorneys made an EFT of R25 000 to cover costs in respect of the future purchase of Tom's house Candice Attorneys decided to invest R10 000 of the trust monies in the trust bank account not needed for immediate use, in a special savings account at Bopha Bank. M Malinda deposits R52 000 into Candice Attorneys Trust Account as a retainer for future services to be rendered Candice Attorneys pays transfer duty of R15 000 and bond registration of R4000 on behalf of A Maseko. Candice Attorneys charges fees of R6 000 Candice Attorneys received written instruction from M Malinda to invest the R12 000 of his funds held in trust, in an interest-bearing savings account at SA Bank. Candice Attorneys obliged. The divorce case of G Dombo was settled and Candice Attorneys levied a fee of R6 000. C Candice Attorneys withdrew the investment made on 2 September and received R7 400. The attorney's practice paid the amount due to G Adams after all transfers were made. Candice Attorneys withdrew R5 000 of the trust investment made on 10 Sep. Interest on the investment amounted to R200. 20 23 30 Ms M Malinda is charged is legal fees of R8000 for a a consultation and services rendered. REQUIRED: 1. Prepare the Trust Bank Ledger Account in the books of Candice Attorneys. 2. Prepare the Trust Client Account of G Dombo in the books of Candice Attorneys. 3. Show the entries in the transfer journal of Candice Attorneys in respect of September 2021 transactions

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