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Vita stores that buys and sells only on credit. Vita has 1 creditor and two debtors. The following balance were extracted from the debtor's

Vita stores that buys and sells only on credit. Vita has 1 creditor and two debtors. The following balance 

Vita stores that buys and sells only on credit. Vita has 1 creditor and two debtors. The following balance were extracted from the debtor's list as at 31 January: Creditors Morning Traders Debtors Noon-noon Ltd Ike stores Date 01/2 Vita stores entered into the following transactions for the month of February 2023: Assume all amounts below are VAT exclusive and a VAT rate of 15%. 03/2 10/2 10/2 11/2 14/2 20/2 22/2 25/2 27/2 Balance as at 31 January 2023 R12 500 28/2 R23 000 R34 500 Transaction Purchased stock from Morning Traders, CIN04 for R34 500 Sold stock worth R20 000 (INV01) to Noon-noon Ltd at a mark up of 50% on cost Sold stock worth R12 000 (INV02) to Ike stores at a mark up of 25% on selling price Owner took stock worth R5 000 (JV01), for personal use, mark up of 25% on selling price applies Purchased stock worth R12 500 from Morning Traders, CIN014 Noon-noon Ltd settled their account in full (RC01) and received a 10% settlement discount [JV02] (for the balance owing) Ike stores returned merchandise worth R2 000, CN01 issued Sold stock worth R5 500 (INV03) to Noon-noon traders Returned stock worth R5 000 to Morning Traders and received a full refund DN01 Ike stores was declared insolvent, and balance must be written off (JV03) Settled balance owing to Morning Traders, RC09, with EFT payment of R40 000 cash REQUIRED: Using the information above, draw up the following for Vita stores. All postings must be dated 31 January 2020 except opening balances. The control accounts must be properly balanced at the end of the moth. 4.1 Creditor's List (with FOLIO Columns) 4.2 Debtor's control (with FOLIO columns)

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