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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.

FINANCIAL ACCOUNTING
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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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
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: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
Question 2 Q.2.1 Debtors control B11 DR CR Date Details Fol. Amount Date Details Fol. Amount
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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