Question
UNISA Dashboard university of south africa Calendar YEARS V Dashboard / Courses / UNISA / 2023 / Semester 1 / FAC1501-23-S1 / Welcome Message /
UNISA Dashboard university of south africa Calendar YEARS V Dashboard / Courses / UNISA / 2023 / Semester 1 / FAC1501-23-S1 / Welcome Message / Assessment myModules Majola Traders is a registered VAT vendor and the financial year end is 28 February 2023. The bookkeeper of Majola Traders requested your assistance after noting the following: a) On 5 June 2022, Majola Traders received an electronic funds transfer of R144 900 (VAT inclusive) for rental of a new office building from June 2022 up to 31 May 2023. The total amount recorded on the trial balance on 28 February 2023 is R126 000. MAJOLA TRADERS b) The total insurance paid for the year as per the trial balance on 28 February 2023 is R24 000. The monthly insurance premium is R1 840 (VAT inclusive). Type here to search Required: Prepare the general journal with regard to the adjustments of Majola Traders at 28 February 2023 myAc C
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started