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Purchased R62 000 worth of trading inventory on credit. Day Transaction details 1 3 Paid for maintenance and repairs, R23 000 cash. 5 8 10 12 15 18 19 Paid R3 500 to transport inventory from the supplier. Paid with cash. Sold goods with a selling price of R48 000 for cash. The trading stock originally cost R26 500. Purchased a new printer for the office, the R3 200 owing was put on the company's account. Purchased soft drinks for refreshment after a staff meeting. Paid R320 from the petty cash box. Received R11 600 from Daniel, a debtor. Paid Komson suppliers, a creditor R55 000 of the balance owing. The owner withdrew R2 500 cash from the business for personal use.

Purchased R62 000 worth of trading inventory on credit. Day Transaction details 1 3 Paid for maintenance and repairs, R23 000 cash. 5 8 10 12 15 18 19 Paid R3 500 to transport inventory from the supplier. Paid with cash. Sold goods with a selling price of R48 000 for cash. The trading stock originally cost R26 500. Purchased a new printer for the office, the R3 200 owing was put on the company's account. Purchased soft drinks for refreshment after a staff meeting. Paid R320 from the petty cash box. Received R11 600 from Daniel, a debtor. Paid Komson suppliers, a creditor R55 000 of the balance owing. The owner withdrew R2 500 cash from the business for personal use.

FINANCIAL ACCOUNTING
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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Purchased R62 000 worth of trading inventory on credit. Day Transaction details 1 3 Paid for maintenance and repairs, R23 000 cash. 5 8 10 12 15 18 19 Paid R3 500 to transport inventory from the supplier. Paid with cash. Sold goods with a selling price of R48 000 for cash. The trading stock originally cost R26 500. Purchased a new printer for the office, the R3 200 owing was put on the company's account. Purchased soft drinks for refreshment after a staff meeting. Paid R320 from the petty cash box. Received R11 600 from Daniel, a debtor. Paid Komson suppliers, a creditor R55 000 of the balance owing. The owner withdrew R2 500 cash from the business for personal use.
Transcribed Image Text:Purchased R62 000 worth of trading inventory on credit. Day Transaction details 1 3 Paid for maintenance and repairs, R23 000 cash. 5 8 10 12 15 18 19 Paid R3 500 to transport inventory from the supplier. Paid with cash. Sold goods with a selling price of R48 000 for cash. The trading stock originally cost R26 500. Purchased a new printer for the office, the R3 200 owing was put on the company's account. Purchased soft drinks for refreshment after a staff meeting. Paid R320 from the petty cash box. Received R11 600 from Daniel, a debtor. Paid Komson suppliers, a creditor R55 000 of the balance owing. The owner withdrew R2 500 cash from the business for personal use.
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