The following balances appear in the books of Barrel Traders for the month of August 2020, the first month of operation Sree torsional Doc. Date Detalle Fol Credine Purchases Trul VAT Sundry No. Control Amount Details 670.00 1575.22 381478 15.000 Note: Equipment was purchased for 15 000 Doc. Oute Detalle Fol Creditors Purchase No. Control Totale 23 754.00 11 22 Note: Boment to the value R2 17351 was returned Out Sundry VAT Amount Details 10587217291 Sundry Amount Des. Dute Name of Tol Bank Creditors Purchases No. Payee Total 27450 16435.65 245.35 Biete: Owner withdrew 85 to pay for schools Cash Porthoses were made from ano WT verder Doc Day Dube Credit MIS 650 56522 12 Credito Control Purch VAT Output en controle 84.18 VI 120 120 Credito Control Onterest changed Required Prepare e tonira peneral indeer meests for August 2020 0.11 creditor Control Properly balanca/etos of this account. 012 Thut You are not segured to balance des aff has account 0.13 tank You are not required to balance/close of this account 2 0.34 Muchas Property balance/dose of this account 75 0.35 open you are not required to halan/close off count 04 ou interested Yes required to become of this account, Question 3 (Marks: 30 The following balances appear in the books of Barrel Traders for the month of August 2020, the first month of operation. Creditors Journal Doc. Date Details Fol Creditors Purchases Input VAT Sundry No. Control Amount Details Totals 67 580.00 43 765.22 8 814.78 15 000 Note: Equipment was purchased for 15 000. Creditors Allowance Journal Doc. Date Details Fol Creditors Purchases No. Control returns Totals 23758.00 18 485.22 Note: Equipment to the value R2 173.91 was returned. Output Sundry VAT Amount Details 3098.87 2173.91 Cashbook Payments Doc. Date Name of Fol Bank Creditors Purchases No. Payee Totals 27450 16 435.65 2 465.35 Note: Owner withdrew R8 549 to pay for school fees. Cash Purchases were made from a non-VAT vendor. Sundry Amount Details 8549 Debit Credit 650 565.22 General Journal Doc. Day Details No. JV15 12 Creditors Control Purchases VAT Output (Settlement discount received) JV16 25 Interest Paid Creditors Control (Interest charged) 84.78 120 120 Required: Prepare the following general ledger accounts for August 2020. Q.3.1 Creditors Control (Properly balance/close off this account). (12.5) Q.3.2 VAT Input (You are not required to balance/close off this account). (2) Q.3.3 Bank (You are not required to balance/close off this account). (2) Q.3.4 Purchases (Properly balance/close off this account). (7.5) Q.3.5 Equipment (You are not required to balance/close off this account). (4) Q.3.6 Interest paid (You are not required to balance/close off this account). (2) The following balances appear in the books of Barrel Traders for the month of August 2020, the first month of operation Sree torsional Doc. Date Detalle Fol Credine Purchases Trul VAT Sundry No. Control Amount Details 670.00 1575.22 381478 15.000 Note: Equipment was purchased for 15 000 Doc. Oute Detalle Fol Creditors Purchase No. Control Totale 23 754.00 11 22 Note: Boment to the value R2 17351 was returned Out Sundry VAT Amount Details 10587217291 Sundry Amount Des. Dute Name of Tol Bank Creditors Purchases No. Payee Total 27450 16435.65 245.35 Biete: Owner withdrew 85 to pay for schools Cash Porthoses were made from ano WT verder Doc Day Dube Credit MIS 650 56522 12 Credito Control Purch VAT Output en controle 84.18 VI 120 120 Credito Control Onterest changed Required Prepare e tonira peneral indeer meests for August 2020 0.11 creditor Control Properly balanca/etos of this account. 012 Thut You are not segured to balance des aff has account 0.13 tank You are not required to balance/close of this account 2 0.34 Muchas Property balance/dose of this account 75 0.35 open you are not required to halan/close off count 04 ou interested Yes required to become of this account, Question 3 (Marks: 30 The following balances appear in the books of Barrel Traders for the month of August 2020, the first month of operation. Creditors Journal Doc. Date Details Fol Creditors Purchases Input VAT Sundry No. Control Amount Details Totals 67 580.00 43 765.22 8 814.78 15 000 Note: Equipment was purchased for 15 000. Creditors Allowance Journal Doc. Date Details Fol Creditors Purchases No. Control returns Totals 23758.00 18 485.22 Note: Equipment to the value R2 173.91 was returned. Output Sundry VAT Amount Details 3098.87 2173.91 Cashbook Payments Doc. Date Name of Fol Bank Creditors Purchases No. Payee Totals 27450 16 435.65 2 465.35 Note: Owner withdrew R8 549 to pay for school fees. Cash Purchases were made from a non-VAT vendor. Sundry Amount Details 8549 Debit Credit 650 565.22 General Journal Doc. Day Details No. JV15 12 Creditors Control Purchases VAT Output (Settlement discount received) JV16 25 Interest Paid Creditors Control (Interest charged) 84.78 120 120 Required: Prepare the following general ledger accounts for August 2020. Q.3.1 Creditors Control (Properly balance/close off this account). (12.5) Q.3.2 VAT Input (You are not required to balance/close off this account). (2) Q.3.3 Bank (You are not required to balance/close off this account). (2) Q.3.4 Purchases (Properly balance/close off this account). (7.5) Q.3.5 Equipment (You are not required to balance/close off this account). (4) Q.3.6 Interest paid (You are not required to balance/close off this account). (2)
