Question 5 [40] Robinsons Traders sells and buys spices all over the country. Robinsons Traders used to do business with cash only, but recently they started allowing customers to purchase on credit. Robinson Traders uses a perpetual inventory system. Markup is 50% on cost price. Ignore VAT. The following transactions took place during the month of September 2021: 1 The owner, Rob Robinsons, contributed R150 000 to the business as his capital contribution. The money was deposited directly in the business bank account. 4 Sold goods on credit to Salty Meaty and issued credit invoice RT001. The sales price was R6 000. 7 Cash sales according to the cash register roll. The cost price of the goods sold was R11500. Issued receipt A005 to Salty Meaty for R5000 for part payment on their account. No discounts were given. Purchased trading inventory from Jeremia's and paid via EFT, R17 000. 10 Salty Meaty requested a 15% rebate on invoice RT001. The goods were not according to order. Issued credit note DA001 to grant their request. (No goods were returned and only a rebate was given.) 11 Sold merchandise on credit to Bob the Rob for R24 000 less 5% trade discount. Calculate the cost of sales on the original sales amount. 12 Sold goods on credit to Lebo Traders for R12 500. 14 Lebo Traders returned goods of inferior quality. Issued credit note DA002 for R1 845. 17 Cash sales according to the cash register roll, R4845. Cost price was R3230. 19 Made an EFT to PetersPlace in full settlement of the account due, R15 000. 24 Paid wages via an EFT,R1750. 27 Made an EFT in favour of Smart Offices for equipment, R4 900, and trading inventory, R3 100. 30 The bank statement from Nedbank showed the following debits and credits: Debit: Bank charges, R250. Credit: Interest, R789. Required: Prepare the following journals and ledger account of Robinsons Traders for the month of September 2021: 5.1 Debtors Journal of Robinsons Traders 5.2 Debtors Allowances Journal of Robinsons Traders 5.3 Cash Receipts Journal 5.4 Cash Payments Journal