QUESTION THREE [40] You receive the following accounting statement from your correspondent (Agent) in the collection matter BLACK V WHITE: - BLACK V WHITE - COLLECTION DR CR SUMMONS FEE 3 000 1 000 VAT 450 150 SHERIFF 1 000 CASH - WHITE 18 000 COLLECTION COMMISSION 1 800 600 VAT 270 90 6520 19 840 EFT PAYMENT 13 320 19 840 19 840 REQUIREMENTS: a). Enter the above transactions in all your books of account. (23) b). Transfer whatever you are entitled to, to your business account. (8) c). Account fully to your client by preparing a detailed accounting statement. (9) QUESTION THREE [40] You receive the following accounting statement from your correspondent (Agent) in the collection matter BLACK V WHITE: - BLACK V WHITE - COLLECTION DR CR SUMMONS FEE 3 000 1 000 VAT 450 150 SHERIFF 1 000 CASH - WHITE 18 000 COLLECTION COMMISSION 1 800 600 VAT 270 90 6520 19 840 EFT PAYMENT 13 320 19 840 19 840 REQUIREMENTS: a). Enter the above transactions in all your books of account. (23) b). Transfer whatever you are entitled to, to your business account. (8) c). Account fully to your client by preparing a detailed accounting statement. (9)