The following information was taken from the books of Towel Talk for lanuary and February 2021 List of balances in the Debtors Ledger of Towel Talk as at 31 January 2021 Debtor Fol Amount impon DI D2 R12 000 Marvel Ltd RI3 900 RGreen D3 R9 600 Home Centre LM D4 R2 300 DPatel DS RI6 S00 RS4 00 The dnd Page Debtors Journal of Towel Talk-February 2021 DOC NO DATE DETAILS FOL DEBTORS OUTPUT SALES CONTROL VAT INV203 2 INV2048 Marvel Ld 17 250 2 250 15 000 Home Centre Ltd D4 24 150 3150 21 000 INV205 12 L Simpson DI 2 875 375 2 500 INV206 18 22 D. Patel DS 9 775 1275 500 INV207 R. Green D3 1093 143 950 INV208 24 LSimpson DI 5175 675 4 500 INV209 28 D. Patel DS 2 300 300 2 000 62618 54 450 Debtors Allowances lournal of Towel Tak-February 2021 DOC NO DATE DETAILS FOL DEBTORS INPUT VAT SALES CONTROL RETURNS CN4S Marvel Ld D2 2875 375 2 500 CN46 13 L Simpson DI 575 75 S00 23 R. Green 230 200 CN47 30 CN48 25 L Simpson DI 5 175 675 4 500 1155 7 700 Cashbook Receipts of Towel Tak-february 2021 DATE DETARS FO AN DTORS OUI SAES MUNDRES NO CONTROL VAT AMOUNT FO DETALS CR P 20 Serve Rendered CR Hamer DR 4 000 Simpen CRaS DR D. Pel o 4N 24 MI DRO Cash 00 24000 Simen 04 4000 The independet te et hastion (d Pag General kournal of Towel Talk - February 2021 DOC DATE DETAIS FOL DENT CREDIT NO V25 Sales Input VAT 23 1143 171 Dettors Contro/D, Patel DS 1314 (Settlement Discount of SN) V26 26 Sales 274 Input VAT 41 Debtors Control/. Simpson D1 315 (Settlement Discount of SN) 28 Credit losses 23 000 Input VAT 3450 Debtors Control/Mome D4 26 450 Centre (Amount writtern off a irecoverable) V28 28 Debtors ControUMarvel Ltd Interest Received (Interest for the month on overdue account at 10% per annum cakulated on the month end balance) Additional information The cheque received from L. Simpson on the 26" February in settlement of her account was returned by the bank marked R/D on the 28 February 2021. This transaction has not vet been recorded.
The following information was taken from the books of Towel Talk for lanuary and February 2021 List of balances in the Debtors Ledger of Towel Talk as at 31 January 2021 Debtor Fol Amount impon DI D2 R12 000 Marvel Ltd RI3 900 RGreen D3 R9 600 Home Centre LM D4 R2 300 DPatel DS RI6 S00 RS4 00 The dnd Page Debtors Journal of Towel Talk-February 2021 DOC NO DATE DETAILS FOL DEBTORS OUTPUT SALES CONTROL VAT INV203 2 INV2048 Marvel Ld 17 250 2 250 15 000 Home Centre Ltd D4 24 150 3150 21 000 INV205 12 L Simpson DI 2 875 375 2 500 INV206 18 22 D. Patel DS 9 775 1275 500 INV207 R. Green D3 1093 143 950 INV208 24 LSimpson DI 5175 675 4 500 INV209 28 D. Patel DS 2 300 300 2 000 62618 54 450 Debtors Allowances lournal of Towel Tak-February 2021 DOC NO DATE DETAILS FOL DEBTORS INPUT VAT SALES CONTROL RETURNS CN4S Marvel Ld D2 2875 375 2 500 CN46 13 L Simpson DI 575 75 S00 23 R. Green 230 200 CN47 30 CN48 25 L Simpson DI 5 175 675 4 500 1155 7 700 Cashbook Receipts of Towel Tak-february 2021 DATE DETARS FO AN DTORS OUI SAES MUNDRES NO CONTROL VAT AMOUNT FO DETALS CR P 20 Serve Rendered CR Hamer DR 4 000 Simpen CRaS DR D. Pel o 4N 24 MI DRO Cash 00 24000 Simen 04 4000 The independet te et hastion (d Pag General kournal of Towel Talk - February 2021 DOC DATE DETAIS FOL DENT CREDIT NO V25 Sales Input VAT 23 1143 171 Dettors Contro/D, Patel DS 1314 (Settlement Discount of SN) V26 26 Sales 274 Input VAT 41 Debtors Control/. Simpson D1 315 (Settlement Discount of SN) 28 Credit losses 23 000 Input VAT 3450 Debtors Control/Mome D4 26 450 Centre (Amount writtern off a irecoverable) V28 28 Debtors ControUMarvel Ltd Interest Received (Interest for the month on overdue account at 10% per annum cakulated on the month end balance) Additional information The cheque received from L. Simpson on the 26" February in settlement of her account was returned by the bank marked R/D on the 28 February 2021. This transaction has not vet been recorded.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please help with this question:
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)
The pictures provided are of best quality and the format in which the answer should be done has been attached . god bless you
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
DI
R12 000
Marvel Ltd
D2
R13 900
RGreen
D3
R9 600
Home Centre Ltd
D4
D4
R2 300
DPatel
DS
R16 S00
RS4 300
O The independet eeftton M 21
Pape4
Debtors Journal of Towel Talk- February 2021
DOC NO DATE
DETAILS
FOL DEBTORS
OUTPUT
SALES
CONTROL
VAT
INV203 2
D2
17 250
2 250
15 000
Marvel Ltd
INV204
18
Home Centre Ltd
D4
3 150
24 150
21 000
INV205
12
L Simpson
DI
2 875
375
2 500
INV206 18
9 775
1093
D. Patel
DS
1275
8 500
INV207 22
24
R. Green
D3
143
950
INV208
L Simpson
D1
5 175
675
4 500
INV209
28
D. Patel
DS
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
4
13
CN45
Marvel Ltd
D2
2 875
375
2 500
CN46
L Simpson
DI
500
575
75
CN47
23
R. Green
D3
230
30
200
25
L Simpson
5 175
CN48
DI
675
4 500
8 855
1155
7 700
Cashbook Receipts of Towel Talk-February 2021
DATE DETAILS FOL BANK DETORS OUTPUT SALES
SALES
SUNDRIES
CONTROL
AMOUNT FO DETAILS
VAT
CR L Pe
CRIA 7 H.
20 700
2 700 000
1300
Services
1795
Homer
Rendered
DR 14 L
1000
100
Simpson
CRIS 19 Cash
DR29 23 D. Patel
DRIO 26 L
22 600
1600
24000
24
24
Simpon
695 42000 00
DThe independent te eftton
Paerut
General Journal of Towel Talk-February 2021
DOC
DATE DETAILS
FOL DEBIT
CREDIT
NO
V25
23
Sales
1143
Input VAT
171
Debtors Contro/D. Patel
DS
1314
(Settlement Discount of SN)
V26
26
Sales
274
Input VAT
41
Debtors Control/L Simpson D1
315
(Settlement Discount of SN)
28
Credit losses
23 000
Input VAT
3450
Debtors Contro/Home
D4
26 450
Centre
(Amount written off as irecoverable)
V28
Debtors Control/Marvel Ltd
D2 ?
28
Interest Received
(Interest for the month on overdue
account at 10% per annum calculated
on the month end balance)
Additional information:
The cheque received from L. Simpson on the 26" February in settlement of her account
was returned by the bank marked R/D on the 28" February 2021. This transaction has not
yet been recorded.
The debtors control and debtors list was reconciled on the 31" January 2021
Transcribed Image Text:Question 2
Q.2.1
Debtors control
B11
DR
CR
Date
Details
Fol.
Amount
Date
Details
Fol.
Amount
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