Please help with this question from my textbook :Prepare the debtors list of Towel Talk as at 28 February 2021. (Round off to the nearest rand) (Show all workings)Information as well as format needed is attached DEBTORS LIST OF TOWEL TALK AS AT 28 FEBRUARY 2021DEBTORFOLAMOUNT The following information was taken from the books of Towel Talk for January and February 2021:List of balances in the Debtors Ledger of Towel Talk as at 31 January 2021:DebtorFolAmountL SimpsonD1R12 000Marvel LtdD2R13 900D3R9 600R GreenD4Home Centre LtdD PatelR2 300DSR16 500RS4 300The independent intute of tdcation 2021PageDebtors Journal of Towel Talk - February 2021DOC NO DATEDETAILSFOL DEBTORSOUTPUTSALESCONTROLVATINV2032Marvel LtdD217 2502 25015 000INV204Home Centre LtdD424 1503 15021000INV205 12L SimpsonD128753752 500INV206D. Patel977518INV207 22D512758 500R. GreenD31093143950INV208 24INV209 28L SimpsonDI5 1756754 500D. PatelD52 3003002 00062 6188 16854450Debtors Allowances Journal of Towel Talk- February 2021DOC NO DATEDETAILSFOL DEBTORSINPUT VAT SALESCONTROLRETURNSCN45375413Marvel LtdD228752 500CN46SimpsonDI57575500CN4723R. GreenD323030200CN485 17525L SimpsonD16754 50088551 1557700Cashbook Receipts of Towel Talk - February 2021DOCDATE DETAILS FOL BANKDERTORS OUTUT SALES UNDRIESOUTPUTNOCONTROL VATAMOUNT FOL DETALSCRI 1CRI20 7002 700 000037953300ServicesenderedHomerDR 14L8000000SimponCRIS 19 CahDR29 23DRIO 262760024000D. PatelDIDS24246Simpson6795 42 0003300The idependet inte of tducation 2sPa201General Journal of Towel Talk-February 2021DOCDATE DETAILSFOL DEBITCREDITNOV2523Sales1143Input VAT171Debtors Contro/D. PatelDS1314(Settlement Discount of 5%)v2626Sales274Input VAT41Debtors Control/L SimpsonD1315(Settlement Discount of SN)Credit losses23 000JV2728Input VAT3450Debtors Contro/Home26 450D4Centre(Amount written off as irrecoverable)V2828Debtors Control/Marvel LtdD2 ?Interest Received(Interest for the month on overdueaccount at 10% per annum calculatedon the month end balance)Additional inforrmationThe cheque received from L. Simpson on the 26" February in settlement of her accountwas returned by the bank marked R/D on the 28" February 2021. This transaction has notyet been recorded

Accounts Receivable Accounts receivable is one of the main sources of liquidity generation of the…

Please help with this question from my textbook : Prepare the debtors list of Towel Talk as at 28 February 2021. (Round off to the nearest rand) (Show all workings) Information as well as format needed is attached

Please help with this question from my textbook : Prepare the debtors list of Towel Talk as at 28 February 2021. (Round off to the nearest rand) (Show all workings) Information as well as format needed is attached

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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Question

DEBTORS LIST OF TOWEL TALK AS AT 28 FEBRUARY 2021
DEBTOR
FOL
AMOUNT

The following information was taken from the books of Towel Talk for January and February 2021:
List of balances in the Debtors Ledger of Towel Talk as at 31 January 2021:
Debtor
Fol
Amount
L Simpson
D1
R12 000
Marvel Ltd
D2
R13 900
D3
R9 600
R Green
D4
Home Centre Ltd
D Patel
R2 300
DS
R16 500
RS4 300
The independent intute of tdcation 2021
Page
Debtors Journal of Towel Talk - February 2021
DOC NO DATE
DETAILS
FOL DEBTORS
OUTPUT
SALES
CONTROL
VAT
INV203
2
Marvel Ltd
D2
17 250
2 250
15 000
INV204
Home Centre Ltd
D4
24 150
3 150
21000
INV205 12
L Simpson
D1
2875
375
2 500
INV206
D. Patel
9775
18
INV207 22
D5
1275
8 500
R. Green
D3
1093
143
950
INV208 24
INV209 28
L Simpson
DI
5 175
675
4 500
D. Patel
D5
2 300
300
2 000
62 618
8 168
54450
Debtors Allowances Journal of Towel Talk- February 2021
DOC NO DATE
DETAILS
FOL DEBTORS
INPUT VAT SALES
CONTROL
RETURNS
CN45
375
4
13
Marvel Ltd
D2
2875
2 500
CN46
Simpson
DI
575
75
500
CN47
23
R. Green
D3
230
30
200
CN48
5 175
25
L Simpson
D1
675
4 500
8855
1 155
7700
Cashbook Receipts of Towel Talk - February 2021
DOC
DATE DETAILS FOL BANK
DERTORS OUTUT SALES UNDRIES
OUTPUT
NO
CONTROL VAT
AMOUNT FOL DETALS
CRI 1
CRI
20 700
2 700 0
000
3795
3300
Services
endered
Homer
DR 14
L
8000
000
Simpon
CRIS 19 Cah
DR29 23
DRIO 26
27600
24000
D. Patel
DI
DS
24
246
Simpson
6795 42 000
3300
The i
dependet inte of tducation 2s
Pa
201
General Journal of Towel Talk-February 2021
DOC
DATE DETAILS
FOL DEBIT
CREDIT
NO
V25
23
Sales
1143
Input VAT
171
Debtors Contro/D. Patel
DS
1314
(Settlement Discount of 5%)
v26
26
Sales
274
Input VAT
41
Debtors Control/L Simpson
D1
315
(Settlement Discount of SN)
Credit losses
23 000
JV27
28
Input VAT
3450
Debtors Contro/Home
26 450
D4
Centre
(Amount written off as irrecoverable)
V28
28
Debtors Control/Marvel Ltd
D2 ?
Interest Received
(Interest for the month on overdue
account at 10% per annum calculated
on the month end balance)
Additional inforrmation
The cheque received from L. Simpson on the 26" February in settlement of her account
was returned by the bank marked R/D on the 28" February 2021. This transaction has not
yet been recorded

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