Question 3 (Marks:30) Harry's Meat Cart, a registered VAT vendor, has several debtors and creditors. All debtors and creditors are registered for VAT, and deal in standard rated supplies. VAT is charged at 15%. The following balance appeared in the books of Harry's Meat Cart on 1 March 2020 Carl Niemand (Debtor) (D1250) Dr Balance R22 580 Q.3.1 4 The following transactions took place during the month of March 2020: Date Details of transaction 1 Sold goods on credit to Carl Niemand, R35 220 (including VAT) Realised that the previous invoice was undercast by R400 (including VAT). Mr Niemand was contacted in this regard and he accepted the corrected amount. 7 Carl Niemand settled his account balance as at 1 March 2020 (R22 580) and took advantage of the 2% settlement discount Harry's Meat Cart had offered him for prompt payment. Round to the nearest rand. 15 BBA Bank informed Harry's Meat Cart that Carl Niemand's cheque, received on the 7th was dishonoured due to insufficient funds. 23 Carl Niemand bought good on credit, R14 150 excluding VAT. 28 Carl Niemand returned goods purchased on the 23rd for R2 750 (including VAT) 30 Carl Niemand's lawyer informed Harry's Meat Cart that Carl Niemand had been liquidated. His lawyer sent a cheque constituting a payment of 50 cents in the rand. The rest of the debt was written off. The Independent Institute of Education (Pty) Ltd 2020 Page 7 of 12 20 2020 Required: Prepare the individual account of Carl Niemand (D1250) in the debtors ledger of Harry's Meat Cart from the information provided above for the month of March 2020. Round to the nearest rand. Note: In the "Document Number" column in your answer booklet provide only the correct name of the document, document numbers and transaction codes are not required