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Question: Prepare a Cash Payment Journal using the following transactions * Transaction 6 * A payment of R 2 8 5 0 0 was made
Question: Prepare a Cash Payment Journal using the following transactions Transaction A payment of R was made to Gooble Inc. on February This payment related to Gooble adverts for Zodeq and direct online marketing performed by Gooble Inc. Zodeq receives a cash discount as per the agreement between Goobleand Zodeq. The amount paid was after deducting the discount. The amount reflects on the bank statement. No accounting entries has yet been made for this transaction. No invoice was received from Gooble Inc. for this transaction.Transaction On February Zodeq decided to change its insurance service provider. The new provider offered them a discounted premium rate if paid for months in advance. Zodeq therefore cancelled their current insurance which was on a month to month basis on February and paid the new provider, Queen Insurance, the yearly premium of R instead. This premium covers them from February to January Transaction Zodeq purchased a brandnew top of the range Generation super computer on February for R from The Game Connection. The computer will be used to design and program large algorithmbased applications. The Game Connection allowed a trade discount of on the full purchaseTransaction On February one of the employees at Zodeq opened a malicious email which led to their computers being infected with ransomware. PhilThe Fixer, one of Zodeqs IT Security Consultantswas called out to fix the problem and subsequently invoiced Zodeq for time spent. In contrast to the R requested by the writers of the virus, the owner was very happy that the situation was salvaged and fortunately, no other computers were infected in this process. Phil The Fixer was paid for in cash on the same day.
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