Question 3 [36] Baker Boss, a registered VAT vendor, is buying and selling baking-related items to big retail outlets across the country. All retailers that the business trades with are also registered VAT vendors. Baker Boss has a markup of 50% on cost. All amounts include VAT at 15% unless VAT is not applicable. The following transactions took place during April 2021: 2 Baker Boss received R150 000 in the form of a loan from TIME Bank. The money was transferred directly to the business bank account. 5 Purchased equipment for resale purposes from Cookies R US Wholesalers and made an EFT payment for R17 250 7 Cash sales according to the cash register roll amounted to R34 500. Made an Internet transfer to Underbudget for insurance, R2 530. Purchased groceries, R115, and a box of printing paper, R230, for the office at Makro and paid cash. Petty cash voucher PC4 was issued. 12 Drew money at the ATM to pay D Washer (the cleaner) her wage for the week, R1 300. Paid Courier Guy to deliver an important document to a client. Paid R230 from petty cash. 19 Had cash sales for the day. The cost price of the goods sold was R19 500. 8 9 15 21 28 Services were rendered for R4 140. Issued invoice INV47 to 5 Caroline in this regard. The owner took R800 from petty cash, R345 was for staff refreshments and the rest was for personal use. The bank statement from TIME Bank showed the following: Bank charges, R115 Interest received, R789 Drew money at the ATM to restore the petty cash imprest amount. 30 Required: Round off all calculations to the nearest rand. 3.1 Prepare the cash book receipts. 3.2 Prepare the cash book payments 3.3 Prepare the Petty Cash Journal (14) (12)