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that date for Caser enterprise. Total 30 Question 2 (10 marks) The Chocolate Factory, (CF) was formed in 2009 when the owner anticipated a great
that date for Caser enterprise. Total 30 Question 2 (10 marks) The Chocolate Factory, ("CF") was formed in 2009 when the owner anticipated a great inflow of tourist to Namibia owing to the hosting of the Soccer World Cup in South Africa in 2010. The owner of CF does not have accounting background and relies on sub-contracting for the preparation of financial statements. You have been sub-contracted this time to come up with financial statements and have been presented with the following transactions for October 2021. 1. Ordered and received N$120 000 worth of chocolate machines from Chocolate Makers Limited ("CM"), which CF will pay for in 45 days. 2. Made an electronic funds transfer (EFT) payment of N$60 000 to CM For the chocolate machines from (1) above. 3. Received an EFT of N$4 000 from customers who bought chocolates on account in previous months. 4. To help raise funds for shop upgrades estimated to cost N$200 000, CF issued 1 000 shares of N$150 each to existing owners. 5. CF bought ice cream trucks for N$500 000 total, paying N$100 000 EFT and signing a long-term loan for N$400 000. Marks Requirement Sub- total Total Prepare journal entries for the following events, which occurred at the end of 10 10 the most recent year. If the event is not a transaction, write "no transaction." Total 10 Question 3 (10 marks) I arguing about who is better off. Johannes said he
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