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Question 1 of 2
Record the following source documents in the Creditor’s Journal for XYZ Trading:
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INVOICE
Nationwide Catering Supplies
Timbuktu
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No 1092
Renumbered to 01
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To:
XYZ Traders
321 Church Street
Timbuktu 12458
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Date: 12 May 200…
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Quantity
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Description
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Price
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Amount Due
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500
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Dinner plates
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R 5
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60
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R2800
|
00
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500
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Cutlery sets
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R 40
|
00
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R20000
|
00
|
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50
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Table cloths
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R 17
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50
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R875
|
00
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Total
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R23675
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00
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Terms 30 days from date of invoice
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INVOICE
Business Stationery Supplies
Timbuktu
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No 448
Renumbered to 02
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To:
XYZ Traders
321 Church Street
Timbuktu, 12458
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Date: 22 May 200…
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Quantity
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Description
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Price
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Amount Due
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20
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Reams photocopy paper
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R 25
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00
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R 1250
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00
|
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20
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Rols fax paper
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R 15
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00
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R 300
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00
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20
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Black bic pens
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R 8
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00
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R 160
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00
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Total
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R 1710
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00
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Terms 30 days from statement
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INVOICE
Reliable Computers
Timbuktu
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No 99
Renumbered to 03
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To:
XYZ Traders
321 Church Street
Timbuktu, 12458
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Date: 23 May 200…
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Quantity
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Description
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Price
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Amount Due
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2
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Computer systems
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R 6999
|
00
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R 13998
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00
|
|
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Total
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R 13998
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00
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Terms 30 days from statement
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Grading can be reviewed and adjusted.
Grading can be reviewed and adjusted.
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Question 2 of 2
Post the transactions to the relevant accounts in the General and Creditor’s Ledger. Please note that the contra entry now is Creditor’s control.
Grading can be reviewed and adjusted.
Grading can be reviewed and adjusted.