Question 5 (34) Willy White Traders, a computer retailer, entered into the following cash transactions during February 2021. They use a perpetual inventory (stock) system. Ignore the effect of VAT on these transactions. The accountant has the following source documents on file for the month: February 2021: List of duplicate receipts and cash invoices issued STADIO Page 5 of Assignment TUTORIAL LETTER I (ASSIGNMENT 1) - 2021 FIRST SEMESTER ACNI00 ACCOUNTING FOR MANAGERS I Day Details Doc no. Additional information Amount received R4 040 R3 000 111 RC22 4 Cash sales 6 Rent received 7 B Brother 15 Cash sales Cost of goods = R3 000 Part of building rented out to Mr Student Settlement of account Cost of goods = R10 000 RC23 R4 000 115 28 PP Bank 28 PP Bank B/S B/S Direct deposit - bank loan Interest received on bank statement ? (40% above cost) R20 000 R800 Duplicates of bank deposit slips February 2021: Dated Amount 7 February 2021 R11 040 15 February 2021 ? February 2021: List of cheque counterfoils, EFTs and bank statement debits Day Details Doc no. Additional information Amount paid 2 Linda Lost CF1 Printers bought R5 000 5 CNA CF2 Stationery bought R1 820 12 D Dragon CF3 Settlement of account R3 000 16 M M Merlin CF4 Furniture bought R8 000 20 Local municipality EFT Rates and taxes R1 200 25 R Rover CF5 Computers bought R4 500 28 PP Bank B/S Bank charges on R150 statement Required: Use the information above to prepare the following: 5.1 Cash book receipts 5.2 Cash book payments ( (18) (16) ASSIGNMENT TOTAL: 11201