QUESTION ONE [25] Please review the questions below and provide the journal entries as required. Show all workings. Round your answers to the nearest Rand Laptop Computers (Pty) Ltd is in the business of all thing's computers. Their financial year runs from 1 January 2023 to 31 December 2023. During the year the following transactions occurred: (a) In the month of January, the company sold 10 computers of equal value for a gross sales value of R200,000 (all on credit) to a customer XYZ Ltd at a discount of 10%. However, 2 of these computers were returned due to faulty software installed. A credit note was issued to the customer. XYZ Ltd paid R150 000 in part settlement of this account on 31 January 2023. (8) Prepare the journal entries that would reflect the above transactions in the accounts as at 31 January 2023 (ignore any entries on cost of sales or trading stock). (b) As at the end of February the bill for water and electricity was received but not paid. This bill amounted to R10,500. Prepare the journal entry that would reflect the above transaction in the accounts as at 28 February 2023. 2) (c) The Februarys bill for water and electricity was paid in March. Prepare the journal entry that would reflect the above transaction in the accounts as at 28 February 2023. (2) (d) The company entered into a new rental agreement on 1 April 2023. The agreement was for a period of 12 months at a rate of R20,000 per month and required a 6- month payment in advance on 1 April 2023. Prepare the accounting entry/entries in relation to the above for the books at end April 2023. (5) (e) On 1 July of 2023 the company signed a contract to supply Compucom Ltd hard drives to the value of R180,000 equally over the next 6 months (on the last day of every month). Delivery has been delayed as shipment of consumables that is required to manufacture the hard drives is only arriving in September. The first lot of hard drives will be delivered on 30 September 2023 and will include a catch up of delivery between July and September. Compucom however paid the full contract value on 1 July 2023. (3) Prepare the accounting entries for the books as at 30 September 2023. (f) See below details of trade receivables for Laptop Computers (Pty) Ltd: Trade receivables at 31 December 2023 R250,832 Provision for doubtful debts at 1 January 2023 R10,548 Bad debts for the year ending 31 December 2023 were R12,972. No entry has yet been passed. Further to this the company policy is to provide for a doubtful debt provision of 5% on trade receivables. Please provide the adjusting journal entries to account for year-end closure. (5) QUESTION TWO [25] Moon Ltd is a retailer specialising in pyjamas and other nightwear clothing. The following information was taken from the accounting records for the year ended 30 September 2023. Moon Ltd Statamant nf rnmnrahencive incama far the vear anded N Santeamher 2027