Q.2.1) Open, post to and balance the debtors control account in the general ledger of Towel Talk for February 2021. (Round off to the nearest rand) Question 2Q.2.1Debtors controlB11DRCRDateDetailsFol.AmountDateDetailsFol.Amount Question 2Cashbook Receipts of Towel Talk - February 2021The following information was taken from the books of Towel Talk for January and February 2021:DOC DATEDETAILS FOL BANKDEBTORS OUTPUT SALESSUNDRIESList of balances in the Debtors Ledger of Towel Talk as at 31 January 2021:NOCONTROLAMOUNT FOL DETAILSVATCR333B Pitt20 7002 70018 000FolCR3347H.3795DebtorAmount4953300ServicesHomerRenderedL SimpsonD1R12 000DR2814D18 0008 000Marvel LtdD2R13 900SimpsonCR335 19DR29 23DR30 26Cash3 60027 60024 9615 985R GreenD3R9 60024 000R2 300D. Patel DS24 961Home Centre LtdD4LD15 985D PatelD5R16 500SimpsonR54 30091 041地9466 79542 0003300O The Independent Institute of Education (Pty) Ltd 2021Page SofPage 4 of212021General Journal of Towel Talk - February 2021212021DATE DETAILSFOL DEBITDOCCREDITNOJV2523Sales1 143Debtors Journal of Towel Talk - February 2021Input VAT171DOC NODATEDETAILSFOLDEBTORSOUTPUTSALESDebtors Control/D. PatelD51 314CONTROLVAT(Settlement Discount of 5%)INV2032Marvel LtdD217 2502 25015 000JV2626Sales274INV204Home Centre LtdD424 1503 15021 000Input VAT41INV20512L. SimpsonD12 8753752 500Debtors Control/L. Simpson D1315INV20618D. PatelD59 77512758 500(Settlement Discount of 5%)INV20722R. GreenD31 093143950JV2728Credit losses23 000INV20824L. SimpsonD15 1756754 500Input VAT3 450INV20928D. PatelD52 3003002 000Debtors Control/HomeD426 45062 6188 16854 450Centre(Amount written off as irrecoverable)Debtors Allowances Journal of Towel Talk - February 2021Debtors Control/Marvel LtdD2JV2828DOC NO DATEDETAILSFOLDEBTORSINPUT VATSALESInterest ReceivedCONTROLRETURNS(Interest for the month on overdueCN454Marvel LtdD22 8753752 500account at 10% per annum calculatedCN4613L. SimpsonD157575500on the month end balance)CN4723R. GreenD323030200CN48L. SimpsonD15 1754 500Additional information:256758 8557 700The cheque received from L. Simpson on the 26 February in settlement of her account1155was returned by the bank marked R/D on the 28 February 2021. This transaction has notCashbook Receipts of Towel Talk - February 2021yet been recorded.The debtors control and debtors list was reconciled on the 31" January 2021

Question 2 Cashbook Receipts of Towel Talk - February 2021 The following information was taken from the books of Towel Talk for January and February 2021: DOC DATE DETAILS FOL BANK DEBTORS OUTPUT SALES SUNDRIES List of balances in the Debtors Ledger of Towel Talk as at 31 January 2021: CONTROL AMOUNT FOL DETAILS NO VAT CRI Ptt 20 700 2700 18000 Debtor CRA47 H. 3795 495 3300 Services Fol Amount Homer Rendered LSimpson R12 000 D1 DR28 14 8000 8000 Marvel Ltd D2 R13 900 Simpson Cash 27600 D. Patel os 24 961 R Green D3 R9 600 CRIS 19 300 24 000 DR29 23 24 961 Home Centre Ltd D4 R2 300 DR30 26 L D1 5985 5985 D Patel D5 R16 500 Smpson R54 300 91 041 6 795 3 300 38946 42 000 O The Independent inutitute of Education (Py Ld 2021 PageSof Page 4 of 21 2021 General Journal of Towel Talk -February 2021 21 2021 DOC DATE DETAILS FOL DEBIT CREDIT NO 1 143 171 JV25 23 Sales Debtors Journal of Towel Talk - February 2021 Input VAT DOC NO DATE DETAILS FOL DEBTORS OUTPUT SALES Debtors Control/D. Patel D5 1 314 CONTROL VAT (Settlement Discount of SK) INV203 Marvel Ltd 2 250 15 000 2 D2 17 250 JV26 26 Sales 274 INV204 8 Home Centre Ltd D4 24 150 3 150 21 000 Input VAT 41 INV205 12 L Simpson D1 2 875 375 2 500 Debtors Control/L. Simpson D1 315 INV206 18 D. Patel D5 9 775 1275 8 500 (Settlement Discount of 5%) INV207 22 R. Green D3 1 093 143 950 JV27 28 Credit losses 23 000 INV208 24 L. Simpson D1 5 175 675 4 500 Input VAT 3 450 INV209 28 D. Patel D5 2 300 300 2 000 Debtors Contro/Home D4 26 450 62 618 8 168 54 450 Centre (Amount written off as irrecoverable) Debtors Allowances Journal of Towel Talk - February 2021 JV28 28 Debtors Control/Marvel Ltd D2 DOC NO DATE DETAILS FOL DEBTORS INPUT VAT SALES Interest Received CONTROL RETURNS (Interest for the month on overdue CN45 4 Marvel Ltd D2 2 875 375 2 500 account at 10% per annum calculated CN46 13 L. Simpson D1 575 75 500 on the month end balance) CN47 23 R. Green D3 230 30 200 CN48 25 L Simpson D1 5 175 675 4 500 Additional information: 8 855 7 700 The cheque received from L. Simpson on the 26" February in settlement of her account 1155 was returned by the bank marked R/D on the 28 February 2021. This transaction has not Cashbook Receipts of Towel Talk-February 2021 yet been recorded. n I a T nne a Tnmr The debtors control and debtors list was reconciled on the 31" January 2021