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USE THIS INFORMATION TO ANSWERS QUESTIONS 30 TO 36 Myburgh Computer Solutions (Pty) Ltd ('MCS') is a local company that sells computer parts. The
USE THIS INFORMATION TO ANSWERS QUESTIONS 30 TO 36 Myburgh Computer Solutions (Pty) Ltd ('MCS') is a local company that sells computer parts. The company is a registered VAT vendor. The following transactions relate to April 2021: MCS purchased computer parts on account amounting to R115 000 from a supplier which is a registered VAT vendor. MCS sold inventory for R92 000 cash. The cost of inventory sold is R60 000. MCS uses a perpetual inventory system to account for inventory movements. . MCS purchased a motor car on credit from a local dealer for R250 000. .MCS paid fuel costs of R4 600 for the month of April. Fuel is a zero rated supply. . On 30 April entertainment costs of R13 800 were paid to registered VAT-vendors. .Salaries of R57 500 for April 2021 were paid to staff members. 30 36: The journal entries required for transactions above
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