QUESTION 3 CRJ, CPJ, DJ AND CJ 34 marks Alicia Newton's is the owner of JM traders. The business uses a mark-up percentage of 25% on cost REQUIRED 3.1 Cash Receipts journal with analysis columns for Analysis of receipts, Bank, Sales, Cost of Sales and Sundry accounts. 3.2 Cash Payments Journal with analysis columns for Bank, Trading stock, Wages, Stationery and Sundry accounts. 3.3 Creditors journal with analysis columns for Creditors control, Trading stock, Equipment and sundry accounts 3.4 Debtors Journal Page NOTE: DO NOT ADD THE JOURNALS L TRANSACTIONS FOR THE MONTH OF JULY 2021. DAY 1 DATAILS Received additional Capital from the owner Alicia Newton of R50 000, receipt 120 Paid Daily Moon for Advertising RT 900 (EFT ref. 25) 3 8 Paid the weekly Wages, R 4500 10 Goods sold on credit to the following RRanaka R 2400 Inv 122 Trading stock bought on credit from TT Traders, R35 000, Invoice 66 Stationery bought on credit from CAN Stationers for R650, Invoice 67 issued 22 Cash sales of Merchandise, R 7600 (CS26-33) 25 Salary paid to Bongiwe, R 10 000, electronically 26 Paid weekly Wages, R 4 500 28 29 Paid by EFT AB wholesalers for Trading stock, R12 000 and Stationery, R500 bought The bank statement received from Capita Bank shows the following: Bank charges, R350, Interest on current account, R210 30 Issued an invoice to R Mohlala for goods sold, R1 600 4/6
QUESTION 3 CRJ, CPJ, DJ AND CJ 34 marks Alicia Newton's is the owner of JM traders. The business uses a mark-up percentage of 25% on cost REQUIRED 3.1 Cash Receipts journal with analysis columns for Analysis of receipts, Bank, Sales, Cost of Sales and Sundry accounts. 3.2 Cash Payments Journal with analysis columns for Bank, Trading stock, Wages, Stationery and Sundry accounts. 3.3 Creditors journal with analysis columns for Creditors control, Trading stock, Equipment and sundry accounts 3.4 Debtors Journal Page NOTE: DO NOT ADD THE JOURNALS L TRANSACTIONS FOR THE MONTH OF JULY 2021. DAY 1 DATAILS Received additional Capital from the owner Alicia Newton of R50 000, receipt 120 Paid Daily Moon for Advertising RT 900 (EFT ref. 25) 3 8 Paid the weekly Wages, R 4500 10 Goods sold on credit to the following RRanaka R 2400 Inv 122 Trading stock bought on credit from TT Traders, R35 000, Invoice 66 Stationery bought on credit from CAN Stationers for R650, Invoice 67 issued 22 Cash sales of Merchandise, R 7600 (CS26-33) 25 Salary paid to Bongiwe, R 10 000, electronically 26 Paid weekly Wages, R 4 500 28 29 Paid by EFT AB wholesalers for Trading stock, R12 000 and Stationery, R500 bought The bank statement received from Capita Bank shows the following: Bank charges, R350, Interest on current account, R210 30 Issued an invoice to R Mohlala for goods sold, R1 600 4/6
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter1: Introduction And Goals Of The Firm
Section: Chapter Questions
Problem 2.5CE: Energy entrepreneur T. Boone Pickens has proposed converting the trucking fleet in the United States...
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Transcribed Image Text:QUESTION 3 CRJ, CPJ, DJ AND CJ
34 marks
Alicia Newton's is the owner of JM traders. The business uses a mark-up percentage
of 25% on cost
REQUIRED
3.1 Cash Receipts journal with analysis columns for
Analysis of receipts, Bank, Sales, Cost of Sales and Sundry accounts.
3.2 Cash Payments Journal with analysis columns for
Bank, Trading stock, Wages, Stationery and Sundry accounts.
3.3 Creditors journal with analysis columns for
Creditors control, Trading stock, Equipment and sundry accounts
3.4 Debtors Journal
Page
NOTE: DO NOT ADD THE JOURNALS
L
TRANSACTIONS FOR THE MONTH OF JULY 2021.
DAY
1
DATAILS
Received additional Capital from the owner Alicia Newton of R50 000, receipt
120
Paid Daily Moon for Advertising RT 900 (EFT ref. 25)
3
8
Paid the weekly Wages, R 4500
10
Goods sold on credit to the following
RRanaka R 2400 Inv 122
Trading stock bought on credit from TT Traders, R35 000, Invoice 66
Stationery bought on credit from CAN Stationers for R650, Invoice 67 issued
22
Cash sales of Merchandise, R 7600 (CS26-33)
25
Salary paid to Bongiwe, R 10 000, electronically
26
Paid weekly Wages, R 4 500
28
29
Paid by EFT AB wholesalers for Trading stock, R12 000 and Stationery, R500
bought
The bank statement received from Capita Bank shows the following: Bank
charges, R350, Interest on current account, R210
30
Issued an invoice to R Mohlala for goods sold, R1 600
4/6
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