Question 6

6.1 What would the balance of the creditors account be on 31 May?

Select one:

a. It is impossible to tell from one months debtors and creditors lists.

b. R44 182.64

c. R12 078.92

d. R12 078.92

e. R32 103.72

6.2 Which of the following would change Floyd Mayweathers individual account balance to a credit of R600?

Select one:

a. Paying Floyd Mayweather R10 800

b. Receiving payment of R10 800 from Floyd Mayweather

c. Paying Floyd Mayweather R12 000

d. Receiving payment of R12 000 from Floyd Mayweather

6.3 Which of the following would change the balance of the account of Wrapped Up Gloves to a credit of R9 000?

Select one:

a. Selling goods to Wrapped Up Gloves for R5 000

b. Paying Wrapped Up Gloves R5 000

c. Purchasing goods on credit from Wrapped Up Gloves for R5 000

Debtors list of Black and Blue on 31 May Name of debtor Folio Balance (dr) D1 D2 Mike Tyson Rhonda Rousey Floyd Mayweather Nate Diaz Laila Ali Vladimir Klitschko D3 32 40 00 00 6 495 1 996 11 400 5 400 3 512 3 300 32 103 D4 D5 00 D6 00 72 Creditors list of Black and Blue on 31 May Name of creditor Folio Balance (cr) C1 C2 Punch-Drunk Sports Drinks Wrapped Up Gloves Deep Heat Agencies Ringside Gym 20 66000 4 000 00 17 522 64 2 000 00 C3 C4 44 18264