Q.2.2 Prepare the individual account of L. Simpson in the debtors ledger of TowelTalk for February 2021. (Round off to the nearest rand) 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 900R GreenD3R9 600Home Centre LtdD4R2 300D PatelD5R16 500R54 300Debtors Journal of Towel Talk - February 2021DOC NO DATEDETAILSFOL DEBTORSOUTPUTSALESCONTROLVATINV2032Marvel LtdD217 25022 25015 000INV2048.Home Centre LtdD424 1503 15021 000INV20512L. SimpsonD12 8753752 500INV20618D. PatelD59 7751 2758 500INV20722R. GreenD31 093143950INV20824L. SimpsonD15 1756754 500INV20928D. PatelD52 3003002 00062 6188 16854 450Debtors Allowances Journal of Towel Talk - February 2021DOC NODATEDETAILSFOL DEBTORSINPUT VAT SALESCONTROLRETURNS|CN454Marvel LtdD22 8753752 500CN4613L. SimpsonD157575500CN4723R. GreenD3230302004 5007 700CN4825L. SimpsonD15 1756758 8551 155Cashbook Receipts of Towel Talk - February 2021DOCDATEDETAILSFOLBANKDEBTORSOUTPUTSALESSUNDRIESNOCONTROLVATAMOUNTFOLDETAILSCR3331B. Pitt20 7002 70018 000CR334 73 7954953 300ServicesН.HomerRenderedDR2814L.D18 0008 000SimpsonCR33519Cash27 6003 60024 000DR2923D. PatelD524 96124 961DR3026L.D15 9855 985Simpson91 04138 9466 79542 0003 300

Working notes - L.Simpson : Particulars Date Sales VAT Total Balance as at 31 January 2021 Feb…

Answered: Q.2.2 Prepare the individual account of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Looking for answers asap. Thanks! Analyze and review the following items and determine the appropriate journal entry. Notes Payable This is a short-term note. The company borrowed money from JRT Investments on October 31, 2020 for 3 months. The principal, along with interest is to be repaid on January 31, 2021. The interest rate is 1.8%. Notes Payable = $250,000
fill in the boxes and find the monthly and ending balances with the savings calculator.
jeremy opened a CD (certificate of deposit) on April 3, 2018 with an interest rate of 4.65% compounded weekly. How much was initially deposited if Jeremy checks his account on December 5, 2018 and discovers the account balance is $3614? Round your answer to the nearest cent.
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hi how do we record this in MYOB. Please help me Transactions from early January 2021 2 Obtained a loan of $14,000 from Uncle Oliver (a family relative of Beatrice Reed) at a simple interest rate of 10% per year, Cheque No. 145, ID #CR000001. The principal and interest on the loan are payable in six months time. 3 Received Cheque No. 227 from Pikea for the full amount outstanding on their account, ID #CR000002. 4 Issued Cheque No. 4098 for $10,065 to Mega Tech in payment of Purchase #303 (Supplier Inv#230). 4 Purchased 9 units MePod multimedia players from Pony at $979 each (includes 10% GST), Purchase #306, Supplier Inv#328. Issued Cheque No. 4099 for $3,900 to this supplier for this particular invoice at the time of the purchase. 4 Issued Cheque No. 4100 for $1,320 (includes 10% GST) to Discount Office Supplies for the cash purchase of office supplies. 6 Sold the following items on credit to Jerry Technology, Invoice #3284: 3 units BG90 plasma televisions for…
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K On April 1, Hilda made a $2680 deposit to open a savings account paying 3% compounded daily. She then deposited $200 on May 2 and $630 on May 25. Find the balance on June 30 and the interes earned through that date. Click here to view the 3.5% compound interest table. Click here to view the 3.5% compound interest by quarters table View On June 30, what is the balance in the account? S (Round to the nearest cunt as needed.) - X 3.5% Interest Compounded Daily by Quarter Table 1 Interest by Quarter for 3 % Compounded Daily Assuming 90-day Quarters Number of Quarters. Value of (1+i) 1.008667067 1.017409251 1.026227205 1.035121505 3.5% Interest Compounded Daily Table Number R 1 2 3 4 5 6 7 8 9 10 11 12 13 Values of (1+1) for 3% Compounded Daily Valec of Value of 1.000095890 19 35 (1+1) It (1+i) A 1001823491 37 1.003554076 38 1003650307 56 1003746548 57 1000191790 20 1001919556 1.000287699 21 100201 5631 1.000383617 22 1.002111714 1003842797 1000479544 23 1002207807 41 1003939056 59…
eBook Show Me How Proceeds from Notes Payable On January 26, Vibrant Co. borrowed cash from Conrad Bank by issuing a 60-day note with a face amount of $39,600. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 6%. b. Determine the proceeds of the note, assuming the note is discounted at 6%. Check My Work Email Instructor Save and Exit Previous Submit Assignme
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Do a journal entry based on this transections, round interest amounts to the nearest dollar,
Requirements 1. Journalize the transactions in the Johnson Pharmacies general journal. Round to the nearest dollar. Explanations required. 2. Prepare the liabilities section of the balance sheet for Johnson Pharmacies on March 1, 2019 after all the journal entries are recorded.

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