XYZ Trading sold the following goods on credit on 14 April:
To Mrs C.A. Terer 5 table cloths at R25.00 each (cost of sales R16.5); and 50 white dinner plates at R8.00 each (cost of sales R5.60 each). Next invoice number 325.
To P. Khoza 12 serving dishes and cutlery combo sets at R112 each (cost of sales R79). Next invoice number 326.
Do the following:
Draw up the invoices
Complete the details in the Debtor’s journal
Post the necessary entries to the General ledger
Post the relevant accounts in the debtor’s ledger.
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