please makedebtor /sales journalcreditor/purchase journal Question 2Brioche Furnishers is a business started by Mr Parker during 2017. Brioche Furnishers uses aperpetual inventory (stock) system and all goods are sold at a 45% markup on cost. BriocheFumishers is NOT a registered VAT vendor. The following transactions took place duringFebruary 2021:Date TransactionMr Parker made an additional capital contribution, R20 000. This amount wasdeposited directly in the bank account of Brioche Furnishers.Paid the business rent via a debit order to Rental Boss, R9 500.Purchased inventory on credit from Delish Dealers and received their creditinvoice no. DX5, R84 102.Purchased trading inventory from Hi Rise Traders and paid immediately by EFT(numbered 02/01), R17 110.Sold goods on credit to T Carole (a new customer) and issued credit invoice no.8IN901, R5 452.Sold inventory for cash, R12 992. Cash invoice C003 was issued to the customer.Issued receipt no. R102 to T Carole as payment on her account, R3 000.Cash was drawn to pay biweekly wages, R7 539.1112Cash sale according to the cash register roll, R23 345 (receipt no. R103).16Sold merchandise on credit to D Venter, R6 235, and issued credit invoice no.IN902.Purchased a microwave oven for the staff kitchern on Vat-a-lot, R2 999. This was19paid immediately by EFT (numbered 02/02).Bought inventory from Boss Bunks, R21 170. This was paid immediately via abank transfer (numbered 02/03)22Sold inventory for cash, R25 230 (receipt no. R104).23Received a cash payment from T Carole as full settlerment of her account. Issuedreceipt no. R105. This amount was deposited with the cash sales.Received a statement from Pretzel Enterprises. Settled the account with Pretzel25Enterprises by EFT, R31 500.26Cash was drawn to pay biweekly wages, R7 640.Sold inventory on credit to B Naan, R21 895. Issued invoice no. IN903.Bought a boardroom table for the office from Challah on credit for R35 250, aswell as inventory for R4 955. Received their credit invoice 35698.The bank statement reflects the following credits:Interest, R546,28The bank statement reflects the folowing debits:Bank charges, R86Debit order for insurance, R650.2.3.Debtors/Sales Journal2.4.Creditors/Purchases Journal

A sales journal is a specialised accounting journal and a major entry book used in an accounting…

Question 2 Brioche Furnishers is a business started by Mr Parker during 2017. Brioche Fumishers perpetual inventory (stock) system and all goods are sold at a 45% markup on cost. Fumishers is NOT a registered VAT vendor. The following transactions took place February 2021: Date Transaction Mr Parker made an additional capital contribution, R20 000. This amount w deposited directly in the bank account of Brioche Furmishers. Paid the business rent via a debit order to Rental Boss, R9 500. Purchased inventory on credit from Delish Dealers and received their cre invoice no. DX5, R84 102

Question 2 Brioche Furnishers is a business started by Mr Parker during 2017. Brioche Fumishers perpetual inventory (stock) system and all goods are sold at a 45% markup on cost. Fumishers is NOT a registered VAT vendor. The following transactions took place February 2021: Date Transaction Mr Parker made an additional capital contribution, R20 000. This amount w deposited directly in the bank account of Brioche Furmishers. Paid the business rent via a debit order to Rental Boss, R9 500. Purchased inventory on credit from Delish Dealers and received their cre invoice no. DX5, R84 102

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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