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QUESTION 4 (24 MARKS) The following transactions for Dynamic Traders transpired during the month of September 2022. Date Details of transactions 1 The owner
QUESTION 4 (24 MARKS) The following transactions for Dynamic Traders transpired during the month of September 2022. Date Details of transactions 1 The owner for Dynamic Traders, contributed a delivery vehicle valued at R 46 200 to the business. Journal voucher JV 012 was issued. 3 The owner, for Dynamic Traders took trading inventory with a cost price of R 400 for personal use. Journal voucher JV 013 was issued. 6 12 20 20 26 Charged an amount of R 900 to Mr Moyo, a debtor, as interest on his overdue account. Journal voucher JV 013 was issued. Settlement discount of R 450 was granted to C. Ngcobo, a debtor, for early settlement of his account. Journal voucher JV 014 was issued. The bookkeeper erroneously recorded the purchases of a motor vehicle in the office equipment account. The motor vehicle was purchased for R 34 000 by bank. Journal voucher JV 015 was issued. Mr Peters, a debtor, was declared insolvent. As a result he was not able to pay the amount owed of R 32 000. The bookkeeper decided to treat the amount as being irrecoverable. Journal voucher JV 016 was issued. Record the transactions (per the table above) in the general journal of Dynamic Traders for the month of September 2022. Ignore VAT. (24 Marks)
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