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QUESTION THREE The following transactions pertaining to Inventory of Sid Traders took place during the year. Sid Traders uses the Periodic inventory system; the
QUESTION THREE The following transactions pertaining to Inventory of Sid Traders took place during the year. Sid Traders uses the Periodic inventory system; the year end is the 28 February 2022. 1. Sid purchased goods on credit from the following wholesalers: AA Wholesalers AD Wholesalers R 15 000 R 10 000 R 12 000 2. Railage on purchases amounted to R3 000. XX Wholesalers 3. Returned R4 500 worth of goods to AA Wholesalers. 4. Issued invoices to the following customers for goods sold: J Joy T Tan B Brown B Blue 5. Carriage on sales was R25 000 R14 500 R 5 000 R 2 000 R3 500. 6. Inventory at 01 March 2021 was R10 000 and at 28 February 2022 was R4 000. [19]
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