The following transactions took place in the books of Techno during September 2 0 2 3 :
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Question:
The following transactions took place in the books of Techno during September :
Techno, a registered VAT vendor, is a technology company that deals with the purchasing and selling of tech items.
NB: Account for VAT where applicable.
Day
Transaction details
Cash sale of R made to a customer.
Received cash for R for goods sold.
Techno received a loan of R from Sanland Bank.
A bank statement from Sanland Bank showed the following items, still to be recorded:
Bank charges, R
Direct deposit from a debtor AVVS, R
Monthly interest charged, R
TV screens bought on credit, R
Computer monitors were sold on credit, R and invoice FBC was issued.
Employees salaries of R were paid; EFT reference no SALD
Required:
Prepare the Cash Receipts Journal to record the relevant transactions above.
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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