6
QUESTION 3 - DEBTORS LEDGER
(MARKS:14)
Vegas Stores
The information provided below...
Computers and Technology, 09.06.2021 14:50 ijohnh14
6
QUESTION 3 - DEBTORS LEDGER
(MARKS:14)
Vegas Stores
The information provided below is extracted from the financial records of Vegas Stores
REQUIRED
Record the following transactions in the Debtors ledger account of Picadillay Stores
Amount
18 200
12 027
1 400
?
Transactions For June 2020: Picadillay Stores
Date Details
1 Amount owing by Picadillay Stores
4 Issued invoice No 228 to Picadillay Stores
7 Picadillay returned
unsuitable goods (C/N 23).
12 Received the amount due from Picadillay Stores on 1 June 2020,
after granting a 5% discount, as per EFT 214.
Picadillay Stores purchased goods for R8 000. They paid R3000
cash and were issued invoice A34 for the remainder of the amount
22
Received EFT 234 from Picadillay Stores for 50% of the goods
bought ON CREDIT on the 16th of June.
25
C/N 52 was issued to Picadillay stores for stock returned, R80 (cost
price). Anark-up of 15% was used.
?
16β
Answers: 3
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