Question 6 Study the scenario and complete the questions that follow Steel Traders Steel Traders has a head office in Potchefstroom and a branch in Vanderbilpark. All branch transactions are sent electronically to the head office, where a branch inventory'. 'branch gross profit". branch profit or loss and branch receivables' accounts are kept Goods are sent to the branch at cost plus 20%. The head office is registered for VAT. Source: De Villiers, C. 2021 Required Journalise each of the following transactions. No narrations are required, 6.1 The head office sends goods with a cost price of R6 550 and a selling price of R7 380 (including VAT) to its branch. (3 Marks) 6.2 The branch returns goods with a cost price of R1 600, to head office. (3 Marks) 6.3 The branch sells goods at a selling price of R7 340 cash (including VAT) to the public. (3 Marks) 6.4 Cash sales of obsolete goods, R250 (including VAT). This amount is after a discount of 25% has been considered. (8 Marks) 6.5 A receivable is not able to pay his debt of R500 and it was written off as irrecoverable. (3 Marks) End of Section D