5 CV 10 14 16 20 25 26 28 22 The owner, Sponge Bob took stock at the selling price of R1 750 for personal use. Karen White was declared insolvent, her insolvent estate paid R1 200, a dividend of 20 cents in a rand via EFT.Write off the balance as irrecoverable. A debtor, K Dube returned damaged goods that were bought for, R1 500, issued credit note no.202. Sponge Traders failed pay their account of R 15 000 with Krabs Traders on time, interest of two months was charged at the rate of 10% p.a. Returned faulty equipment, purchased from Willow Traders for R9 000, a debit note no. 41 was issued. Goods sold for cash according to the cash register (CRT2), amounted to R31 500. сру Paid R 9 500 via EFT to Patrick Stores for stock, included in the amount is cpj R1 500 for delivery cost. Transfer Z. Khumalo's credit balance of R900 from the Debtors ledger to the Creditors Ledger. Sold goods on credit to Mr Bear at a profit of R200, issued invoice no.23 29 Bought the following on credit from Zig-Zag Wholesalers, invoice no.111 was 30 received. • Paper for the printer, R 350 Equipment, R 6 500 Issued debit note 42 to Zig Zag Traders for goods returned to them, R2 000. Stationery purchased for R250 was debited in the consumable account. Correct the error. O Project 52
5 CV 10 14 16 20 25 26 28 22 The owner, Sponge Bob took stock at the selling price of R1 750 for personal use. Karen White was declared insolvent, her insolvent estate paid R1 200, a dividend of 20 cents in a rand via EFT.Write off the balance as irrecoverable. A debtor, K Dube returned damaged goods that were bought for, R1 500, issued credit note no.202. Sponge Traders failed pay their account of R 15 000 with Krabs Traders on time, interest of two months was charged at the rate of 10% p.a. Returned faulty equipment, purchased from Willow Traders for R9 000, a debit note no. 41 was issued. Goods sold for cash according to the cash register (CRT2), amounted to R31 500. сру Paid R 9 500 via EFT to Patrick Stores for stock, included in the amount is cpj R1 500 for delivery cost. Transfer Z. Khumalo's credit balance of R900 from the Debtors ledger to the Creditors Ledger. Sold goods on credit to Mr Bear at a profit of R200, issued invoice no.23 29 Bought the following on credit from Zig-Zag Wholesalers, invoice no.111 was 30 received. • Paper for the printer, R 350 Equipment, R 6 500 Issued debit note 42 to Zig Zag Traders for goods returned to them, R2 000. Stationery purchased for R250 was debited in the consumable account. Correct the error. O Project 52
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
please record these in their perspective columns and fix mistakes if there are any, e.g crj, caj, DJ, DAJ, CPJ, CJ
Transcribed Image Text:5
CV
10
14
16
20
25
26
28
22
The owner, Sponge Bob took stock at the selling price of R1 750 for personal
use.
Karen White was declared insolvent, her insolvent estate paid R1 200, a
dividend of 20 cents in a rand via EFT.Write off the balance as irrecoverable.
A debtor, K Dube returned damaged goods that were bought for, R1 500,
issued credit note no.202.
Sponge Traders failed pay their account of R 15 000 with Krabs Traders on
time, interest of two months was charged at the rate of 10% p.a.
Returned faulty equipment, purchased from Willow Traders for R9 000, a
debit note no. 41 was issued.
Goods sold for cash according to the cash register (CRT2),
amounted to R31 500.
сру
Paid R 9 500 via EFT to Patrick Stores for stock, included in the amount is cpj
R1 500 for delivery cost.
Transfer Z. Khumalo's credit balance of R900 from the Debtors ledger to the
Creditors Ledger.
Sold goods on credit to Mr Bear at a profit of R200, issued invoice no.23
29 Bought the following on credit from Zig-Zag Wholesalers, invoice no.111 was
30
received.
• Paper for the printer, R 350
Equipment, R 6 500
Issued debit note 42 to Zig Zag Traders for goods returned to them, R2 000.
Stationery purchased for R250 was debited in the consumable account.
Correct the error.
O Project
52
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