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REQUIRED Use the relevant information from the transactions of GH Traders provided below to answer the following questions: 21 Calculate the total income, total expenses

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REQUIRED Use the relevant information from the transactions of GH Traders provided below to answer the following questions: 21 Calculate the total income, total expenses and net profit (b8s) for the month ended 31 October 2023 ( 5 marks) 22 Prepare the Statement of Financial Position as at 31 October 2023. (15 marks) INFORMATION \begin{tabular}{|c|c|} \hline Date & Transactions of GH Traders for October 2023 \\ \hline 01 & The proprietor of GH Trisders deposited R300 000 into the bank account of the business as her \\ \hline & capital contribution. \\ \hline \multirow[t]{2}{*}{02} & Purchased equipment and inventory by means of an electronic funds transfer (EFT) from Avo \\ \hline & Wholesalers for R30 000 and R80 000 respectively. \\ \hline 03 & Purchased stationery from KL Suppliers on credit for R1 500. \\ \hline 05 & Withdrew R800 cash from the bank to be used as petty cash. \\ \hline 08 & Sold goods on credit to K. Rogers for R2 000 (Cost of sales R1 400). \\ \hline 09 & K Rogers returned goods with a cost price of R350 and a selling price of R500. \\ \hline 12 & Donated R3 000 inventory to the local secondary school. \\ \hline 14 & Cash sales to date, R30 000 (Cost of sales R20 000). \\ \hline 18 & Imvested R20 000 in a fixed deposit account at an interest rate of 8% per annum for two years. \\ \hline 20 & Purchased a portable air-conditioner on credit for RB 000 . \\ \hline 21 & \begin{tabular}{l} A direct deposit was made into the bank account of GH Traders by RD Publishers for 100 \\ books sold on their behalf. A commission of 12% on the books, which were sold for R80 each, \end{tabular} \\ \hline & was received. \\ \hline 24 & Received 60% of the amount owed by debtor K. Rogers. Alowed him a discount of RAO. \\ \hline 27 & Paid R800 to creditor KL Suppliers in part settlement of account. \\ \hline 29 & The proprietor drew R5 000 cash from the bank account of the business for her personal use. \\ \hline 30 & Paid salaries of R15 000 by EFT. \\ \hline 31 & The bank statement reflected bank charges of R500. \\ \hline & Cash sale to date, R40 000 (Cost of sales R28 000). \\ \hline \end{tabular}

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