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)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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:
Debtor
Fol
Amount
L Simpson
D1
R12 000
Marvel Ltd
D2
R13 900
R Green
D3
R9 600
Home Centre Ltd
D4
R2 300
D Patel
D5
R16 500
R54 300
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
2 250
15 000
INV204
8.
Home Centre Ltd
D4
24 150
3 150
21 000
INV205
12
L. Simpson
D1
2 875
375
2 500
INV206
18
D. Patel
D5
9 775
1 275
8 500
INV207
22
R. Green
D3
1 093
143
950
INV208
24
L. Simpson
D1
5 175
675
4 500
INV209
28
D. Patel
D5
2 300
300
2 000
62 618
8 168
54 450
Debtors Allowances Journal of Towel Talk - February 2021
DOC NO
DATE
DETAILS
FOL DEBTORS
INPUT VAT SALES
CONTROL
RETURNS
|CN45
4
Marvel Ltd
D2
2 875
375
2 500
CN46
13
L. Simpson
D1
575
75
500
CN47
23
R. Green
D3
230
30
200
4 500
7 700
CN48
25
L. Simpson
D1
5 175
675
8 855
1 155
Cashbook Receipts of Towel Talk - February 2021
DOC
DATE
DETAILS
FOL
BANK
DEBTORS
OUTPUT
SALES
SUNDRIES
NO
CONTROL
VAT
AMOUNT
FOL
DETAILS
CR333
1
B. Pitt
20 700
2 700
18 000
CR334 7
3 795
495
3 300
Services
Н.
Homer
Rendered
DR28
14
L.
D1
8 000
8 000
Simpson
CR335
19
Cash
27 600
3 600
24 000
DR29
23
D. Patel
D5
24 961
24 961
DR30
26
L.
D1
5 985
5 985
Simpson
91 041
38 946
6 795
42 000
3 300
Transcribed Image Text: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 R Green D3 R9 600 Home Centre Ltd D4 R2 300 D Patel D5 R16 500 R54 300 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 2 250 15 000 INV204 8. Home Centre Ltd D4 24 150 3 150 21 000 INV205 12 L. Simpson D1 2 875 375 2 500 INV206 18 D. Patel D5 9 775 1 275 8 500 INV207 22 R. Green D3 1 093 143 950 INV208 24 L. Simpson D1 5 175 675 4 500 INV209 28 D. Patel D5 2 300 300 2 000 62 618 8 168 54 450 Debtors Allowances Journal of Towel Talk - February 2021 DOC NO DATE DETAILS FOL DEBTORS INPUT VAT SALES CONTROL RETURNS |CN45 4 Marvel Ltd D2 2 875 375 2 500 CN46 13 L. Simpson D1 575 75 500 CN47 23 R. Green D3 230 30 200 4 500 7 700 CN48 25 L. Simpson D1 5 175 675 8 855 1 155 Cashbook Receipts of Towel Talk - February 2021 DOC DATE DETAILS FOL BANK DEBTORS OUTPUT SALES SUNDRIES NO CONTROL VAT AMOUNT FOL DETAILS CR333 1 B. Pitt 20 700 2 700 18 000 CR334 7 3 795 495 3 300 Services Н. Homer Rendered DR28 14 L. D1 8 000 8 000 Simpson CR335 19 Cash 27 600 3 600 24 000 DR29 23 D. Patel D5 24 961 24 961 DR30 26 L. D1 5 985 5 985 Simpson 91 041 38 946 6 795 42 000 3 300
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