Question 4 (Marks:25) Clivia Traders, a stationery shop, situated in Sea Point is owned by Daisy Garden. The business is a registered VAT vendor and trades only with other registered vendors. All amounts include 15% VAT where applicable, except if otherwise indicated. They use a perpetual inventory system and all goods are marked up at 20% above cost, before taking into account any trade discounts. The business does not expect to award any settlement discounts nor to qualify for any settlement discounts. All occurrences of settlement discounts are therefore incidental in nature. All money received is banked daily. The following transactions took place in the month of February 2020: DATE 1 4 6 10 TRANSACTION Owner contributed R5 000 cash Cash sales R13 800 including VAT Cash purchases R8 000 excluding VAT Paid Telkom for telephone account R345 Paid R2 000 towards a loan settlement with Mzanzi Bank Cash sales R$ 750 including VAT Cash purchases R4 600 including VAT Paid wages R800 15 20 23 25 Q.4.1 Prepare the following subsidiary journals for Clivia Traders for February 2020: Q.4.1.1 Cashbook payments Q.4.1.2 Cashbook receipts (14) (11) Note: Document numbers and folios are not required. Totals are also not needed. Round to the nearest rand