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QUESTION 4 [12 MARKS] On 10 January 2021, you instruct Sithole Inc Attorneys, who has a practice in Sweizzer, to collect money on behalf of
QUESTION 4 [12 MARKS] On 10 January 2021, you instruct Sithole Inc Attorneys, who has a practice in Sweizzer, to collect money on behalf of your client Ms. Shudu Payne. You receive the following from Sithole Inc Attorneys: Ms S Payne vs Ms Phume R Amount Collected from Ms Phume 15 000 Summons Costs 450 Messenger Fees 150 Collection Commission 750 400 Attorney S's 1/3 allowance Cheque herewith 14 050 15400 15400 REQUIRED: Record the above transactions in your accounting records (instructing attorney), showing all related journal entries as well as both Bank Ledger Accounts and Ms. S Paynes Trust Account. (12)
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