Good day please help with this question :Prepare the individual account of L. Simpson in the debtors ledger of Towel Talk for February 2021. (Round off to the nearest rand)All information and format has been provided , god bless Q.2.2DEBTORS LEDGER OF TOWEL TALK - FEBRUARY 2021L.SIMPSON (D1)DATEDOCUMENT NAME ANDFOLDEBITCREDITBALANCENUMBER 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 lanuary 2021:DebtorFolAmountL SimpsonD1R12 000Marvel LtdD2R13 900RGreenD3R9 600Home Centre LbtdD PatelD4R2 300D5R16 500RS4 300D The independent itute eftcation P 2Pageof200Debtors Journal of Towel Talk- February 2021DOC NO DATEDETAILSSALESFOL DEBTORSOUTPUTCONTROLVAT17 250INV20318Marvel LtdD22 25015 000INV204Home Centre LtdD424 1503 15021 000INV20512L Simpson2 500D12 875375INV206 18D. PatelDS9 77512758 500INV207 22R. GreenD31 093143950INV208 24L SimpsonD15 1756754 500INV20928D. PatelDS2 3003002 00062 6188168$4 450Debtors Allowances Journal of Towel Talk - February 2021DOC NO DATEDETAILSFOL DEBTORSINPUT VAT SALESCONTROLRETURNS14Marvel LtdD228753752 500CN4S13L Simpson57575500CN46D1R. GreenD32325CN4723030200L. SimpsonDI5 175CN486754 50088551 1557 700Cashbook Receipts of Towel Talk-February 2021SUNDRIESAMOUNT FOL DETAILSDATE DETAILS FOL BANKDESTORS OUTPUT SALESNOCONTROLVATCRI3S 1 P2700 18 00020 700CRI34 7 H.TH49533003795ServiceHomerRenderedDR 141001000SimpsonCS 19 CashDR29 23 D. PatelDRO 26 L27600360024 000DS2412461Simpon13 300679542000The indegendent ieettton LMPago201General Journal of Towel Talk - February 2021DOCDATE DETAILSFOL DEBITCREDITNOV2523Sales1143Input VAT171Debtors Contro/D. PatelDS1314(Settlement Discount of 5N)V2626Sales274Input VAT41Debtors Control/L Simpson DI315(Settlement Discount of SN)V2723 00028Credit lossesInput VAT3450Debtors Control/HomeD426 450Centre(Amount written off as irecoverable)JV2828Debtors Control/Marvel LtdD2 ?Interest Received(Interest for the month on overdueaccount at 10s per annum calculatedon the month end balance)Additional information:The 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 notvet been recorded.The debtors control and debtors list was reconciled on the 31" January 2021

Folio terms: b/d = Balance brought forward GJ = General Journal CBR = Cash Book Nominal Receipt…

Answered: Prepare the individual account of L.…

Prepare the individual account of L. Simpson in the debtors ledger of Towel Talk for February 2021. (Round off to the nearest rand) All information and format has been provided , god bless

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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