QUESTION FIVE [10] Sizwe General Dealers is a business engaged in the retail of household cleaning products The business is a registered VAT vendor. The perpetual inventory system is used to record ali trading stock transactions. VAT 16 applicable at 15%. The following transactions took place during July 2020 1. Purchased trading stock for R38 00 (exclusive of VAT) and paid by EFT. 2. Sold trading stock for R34 500 (Inclusive of VAT) to a customer who had already paid by EFT. The cost price of the goods sold was R20 000 3. A Stock take revealed that trading stock on hand on 31 July 2020 was valued at R18 600. There was no stock on hand at 1 July 2020. 4. You may assume that the above were the only trading stock transactions that took place during July 2020 Required: Record the above transactions in the general journal of Sizwe General Dealers for July 2020. Show workings for all calculations A pret narration is required. END OF QUESTION PAPER DLL