Activity 2: Reading an account statementJet StoresEdgars Stores-CBS storesMs DT BearsCredit avallable:222 Straight StrR1 550,35Hababa City1313Date:02/06/2011Account number:3472411756StatementInstalmente-mail addressR280.00debt@JetstoresDateRef. no.DetailsAmountBalanceTotal Due R280.0022/05/11Opening balance3 450.15Due Date07/06/2011Cash payment280.003 170.15Credit limit22/05/11Thank you!R5 600.50Enquiries086023145312 months plan55.503 225.6523/05/11Purchase Jet MenlynOffice Hours8:00 -18:00Purchase Jet Menlyn120.153 345.80Purchase Jet Menlyn500.00(a)Closing balance(b)Study the account statement above and answer the following quest.ons.(1)1. What is Daisy's opening balance?2. How much is her credit limit?3. Why is there a due date on the statement?4. Calculate the value of the goods she purchased this month.5. Calculate the values (a) and (b).6. The company charges 33% per annum on late payments. Howmuch will Daisy owe if she does not pay the R280,00 installmentuntil 07/07/2011?7. The closing balance includes VAT. Calculate the original total,excluding VAT.8. Why is the "Credit Available" amount not the same as the"Credit Limit"?(1)(2)(2)(2)(6)(2)(2)[18)1.

Account statement is the statement or the document which shows all the transactions that occurred…

Answered: Jet Stores Edgars Stores CBS stores Is…

Jet Stores Edgars Stores CBS stores Is DT Bears Credit avallable: 22 Stralght Str R1 550,35 lababa City 313 Date: 02/06/2011 Account number: 3472411756 Statement Instalment R280.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com Maps O Porter's Five Forc... ssignment 2 es Required information Req Di Keq DZ Assets Cash Req D3 Req D4 LEACH INCORPORATED Balance Sheet As of December 31, Year 2 Accounts receivable Less: Allowance for doubtful accounts Total assets Liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Prepare the balance sheet for Year 2. (Enter amounts to be deducted with a minus sign. Round your answers to the nearest whole dollar amounts.) $ 15,650 4 Req D/ of 6 Next > Đà L
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