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You are provided with information for the month of May 2 0 2 2 , from SeaWrap Gifts, a shop near the ocean, close to
You are provided with information for the month of May from SeaWrap Gifts, a shop near the ocean, close to a tourist attraction that sells gifts in Cape Town. They operate on a profit markup of on cost price. REQUIRED: Open the relevant General ledger accounts with the following balances, and transfer the journal totals below to the indicated accounts. a Bank, RCredit b Debtors control, RDebit c Creditors Control, RCredit d Cost of Sales, Rdebit BALANCE SHEET ACCOUNT SECTION BANK DEBTORS CONTROL CREDITORS CONTROL NOMINAL ACCOUNT SECTION COST OF SALES PLEASE AWNSER USING THE PROVIDED AWNSER PAPER
You are provided with information for the month of May from
SeaWrap Gifts, a shop near the ocean, close to a tourist attraction that sells
gifts in Cape Town. They operate on a profit markup of on cost price.
REQUIRED:
Open the relevant General ledger accounts with the following balances,
and transfer the journal totals below to the indicated accounts.
a Bank, RCredit
b Debtors control, RDebit
c Creditors Control, RCredit
d Cost of Sales, Rdebit
BALANCE SHEET ACCOUNT SECTION
BANK
DEBTORS CONTROL
CREDITORS CONTROL
NOMINAL ACCOUNT SECTION
COST OF SALES
PLEASE AWNSER USING THE PROVIDED AWNSER PAPER
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