Account of a debtor must be written off as irrecoverable..what is a document of this transaction?
Account of a debtor must be written off as irrecoverable..what is a document of this transaction?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Account of a debtor must be written off as irrecoverable..what is a document of this transaction?
![Record the following transactions in the General Journal of Joubert Stores.
Joubert Stores: General Journal
TASK 6.7
Transactions
20.1
August 4
E. Lourens, a debtor, owed R150. His account was 6 months in arrear and
he was charged interest at 16% p.a.
Joubert Stores was informed that J. Shadie, who owed R128, left town
without leaving any address. His account was written off on the owner's
8
instructions.
Charge M. Roelof interest at 15% p.a. on his account of R360 which was
10 months overdue.
Owner took goods at cost for own use, R144.
Charged interest at 20% p.a. to the following debtors:
M. Rossouw
15
20
25
R160
[9 months]
[6 months)
[3 months]
[16 months]
C. Mossie
250
G. Gudarson
460
M. Velaphi
The owner took goods for his personal use. The cost price was R200 and
the selling price R260.
Write off the following debtors' accounts:
M. Spick
K. Span
450
27
28
R220
420
R. Neat
375
P. Tidy
1 100
goods was R420 and the mark-up was 50% on cost.
Coneral Journal
30](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3f058bc9-ba10-44b7-b3c9-fa302d061464%2Fc8d93597-2565-4274-82ec-905c0f6e403f%2Fz3wy7vtd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Record the following transactions in the General Journal of Joubert Stores.
Joubert Stores: General Journal
TASK 6.7
Transactions
20.1
August 4
E. Lourens, a debtor, owed R150. His account was 6 months in arrear and
he was charged interest at 16% p.a.
Joubert Stores was informed that J. Shadie, who owed R128, left town
without leaving any address. His account was written off on the owner's
8
instructions.
Charge M. Roelof interest at 15% p.a. on his account of R360 which was
10 months overdue.
Owner took goods at cost for own use, R144.
Charged interest at 20% p.a. to the following debtors:
M. Rossouw
15
20
25
R160
[9 months]
[6 months)
[3 months]
[16 months]
C. Mossie
250
G. Gudarson
460
M. Velaphi
The owner took goods for his personal use. The cost price was R200 and
the selling price R260.
Write off the following debtors' accounts:
M. Spick
K. Span
450
27
28
R220
420
R. Neat
375
P. Tidy
1 100
goods was R420 and the mark-up was 50% on cost.
Coneral Journal
30
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