to 7 Inves 50, an Use to indicate an increase -OR brackets (0) to indicate a decrease and for no effect Show the effect on both the accounting equation and the effect on specific ledger accounts (22) Refer to the transaction on the 3 March 2020, and calculate the amount of the instalment to be paid at the end of April 2020 to Dentoquip State whether the equipment purchased from Dentoquip will be categorized as a non-current" or "current" item. Provide a brief motivation for the choice you have made (2) 1. Aco be inc QUESTION TWO [20] The following information was extracted from the accounting records of Celestial Enterprises The business operates and maintains a general ledger as well as subsidiary ledgers for Debtors and Creditors. At 30 April 2020, the total of the list of debtors was R224 640 which did not reconcile with the balance of R202 500 in the Debtors Control account Details follow 20 1. Celestial Enterprises. General ledger for April 2020 DR Balance bid 30.4 Sales Interest income Debtors Control account 101 520 30.4 Bank & discount 457 200 Sales returns 1 260 Bad debts Balance cld CR 352 080 3780 1 620 202 500 559 980 559 980 1.5 Balance bld 202 500 2 Celestial Enterprises: Debtors' subsidiary ledger for April 2020 List of debtors as at 30 April 2020 L Sun 18 900 R 2 C Mars M Venus Moon X Saturn 7900 100 620 11 340 5 400 00 Total of list 224 540 20 TE Additional information: The following errors and omissions were discovered after the above were drawn up: Bad clebts 1 X Satum was declared insolvent and the liquidators paid 50% of the balance outstanding at 30 April 2020. This amount was deposited directly into the business bank account. The balance must be written off as irrecoverable. All the necessary entries to record the amount received from the liquidators and the amount written-off must still be recorded. 2. An amount of R22 680 was received from C Mars and recorded correctly in the Cash Receipts Journal, but was not posted to his personal account in the Debtors ledger 3. A credit note number CR678 for R2 700 was issued to B Moon for the return of damaged goods. This was recorded correctly in the Sales Return Journal but erroneously posted to L Sun's account in the debtors' ledger 4 D Venus's account is overdue and must be charged interest of R1 096. "Receipt hu lectors 5. A credit sale of goods to L Sun for R3 240 has not yet been recorded. crtale sules 6. The sales return journal is undercast by R$40 sales felis Required: Use the information provided to correct and prepare the following: 2.1 Debtors Control account for April 2020. You are required to show the corrections made and balance the account. (12) 2.2 A List of debtors as at 30 April 2020. You are required to show the corrections and total the list (8) 3