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QUESTION THREE [20] Inventories of Waka Traders amounted to R6 000 on 01 January 2020. Transactions during 2020 year were as follows: Required: 2.1. According

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QUESTION THREE [20] Inventories of Waka Traders amounted to R6 000 on 01 January 2020. Transactions during 2020 year were as follows: Required: 2.1. According to the periodic inventory system, if the closing inventories on 31 December 2020 amounted to R3 000: 2.1.1 Journalise the transactions for 2020 . 2.1.2 Prepare the trading statement for the year ended 31 December 2020. 2.2. According to the perpetual inventory system, if the gross profit percentage on sales in 30% : 2.2.1 Journalise the transactions for 2020. 2.2.2 Prepare the trading statement for the year ended 31 December 2020

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