a Traders is a registered VAT vendor and uses the periodic inventory system. Africa Traders buys and sells furniture and equipment for cash or on credit. On 1 March 2021, Africa Traders sold furniture on credit to Mrs A South to the amount of R14 875. On 27 April 2021, Mrs South settled her account and received R685 discount for early settlement. On the same day Mrs South purchased a new coffee table and paid R1 360 cash after receiving a cash discount of R260. Required: What amount will be recorded in the trade receivables column of the cash receipts journal of Africa Traders on 27 April 2021?
Africa Traders is a registered VAT vendor and uses the periodic inventory system. Africa Traders buys and sells furniture and equipment for cash or on credit. On 1 March 2021, Africa Traders sold furniture on credit to Mrs A South to the amount of R14 875. On 27 April 2021, Mrs South settled her account and received R685 discount for early settlement. On the same day Mrs South purchased a new coffee table and paid R1 360 cash after receiving a cash discount of R260.
Required:
What amount will be recorded in the trade receivables column of the cash receipts journal of Africa Traders on 27 April 2021?
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