NG PROVINCE TINO ENT TASK Minutes 66 24 90 of the 31.M ****GE 8 3 3.1.M SP (NOTE: Ce not co The following transactions were not yet recorded in their respective Journals Date Transactions Sold goods on credit to M. Masha, the cost price was R800, issued invoice no. 22 Purchased additional trading stock on credit, the cost price was R 18 000, 8% trade discount was granted by Spinach Traders, invoice no. 110 was received. M. Masha returned damaged goods, the selling price is R740, issued credit note no.201 Paid for insurance by debit order to Onkarabile Insurers, RB 500, 40% of the total insurance amount paid was for the owners' personal insurance. Sandy Cheeks Wholesalers transferred R800 into the account of the business via EFT, this was a refund for stationery. 2024 Accounting Grade 10 Project Question Paper 21:23 S - 20% السر السرعة × https://www.bartleby.com/q <: Homework Help is Here - Start Your Trial Now! ← а SEARCH ASK of R200, issued salers, invoice no raders for goods ratumed to them, I R The owner, Sponge Bob took stock at the selling price of R1 Karen White was declared ins dividend of 20 cents in a rand Ader, K Dube returned damaged goods that were bought for, sir account of R 15 000 with Krabs Traders on time, interest of two months was charged at the rate of 10% p.a. Returned faulty equipment, purchased from Willow Traders for R9 000, a debit note no. 41 was issued. amounted cash according to the cash register (CRT2) Paid R 9 500 via EFT to Patrick Stores for , included in the amount is R1 500 for delivery cost. Transfer Z. Khumalo's credit balance of R900 from the Debtors ledger to the Creditors Lodger. Sold goods on credit to Mr Bear at a profit of R200, issued Invoice no.23 Bought the following on credit from Zig-Zag Wholesalers, invoice no.111 was Equipment R6 500 R 350 Issued debit note 42 to Zig Zag Traders for goods returned to them, R2 000. Stationery purchased for R250 was debited in the consumable account. Correct the error. 52 according to the cash register (CRT2), amounted to R31 500. cpy Paid R 9 500 via EFT to Patrick Stores for stock, included Khumalo's credit balance of R900 from the Debtors ledger to in the amount is cpj R1 500 for delivery cost. Transfer Z. profit of R200, issued invoice no.23 29 Bought the following the Creditors Ledger. Sold goods on credit to Mr Bear at a on credit from Zig-Zag Wholesalers, invoice no.111 was 30 Issued debit note 42 to Zig Zag Traders for goods returned to received. • Paper for the printer, R 350 Equipment, R 6 500 them, R2 000. Stationery purchased for R250 was debited in a ucbithote nou s SUT 101 CUST ||| О

NG PROVINCE TINO ENT TASK Minutes 66 24 90 of the 31.M ****GE 8 3 3.1.M SP (NOTE: Ce not co The following transactions were not yet recorded in their respective Journals Date Transactions Sold goods on credit to M. Masha, the cost price was R800, issued invoice no. 22 Purchased additional trading stock on credit, the cost price was R 18 000, 8% trade discount was granted by Spinach Traders, invoice no. 110 was received. M. Masha returned damaged goods, the selling price is R740, issued credit note no.201 Paid for insurance by debit order to Onkarabile Insurers, RB 500, 40% of the total insurance amount paid was for the owners' personal insurance. Sandy Cheeks Wholesalers transferred R800 into the account of the business via EFT, this was a refund for stationery. 2024 Accounting Grade 10 Project Question Paper 21:23 S - 20% السر السرعة × https://www.bartleby.com/q <: Homework Help is Here - Start Your Trial Now! ← а SEARCH ASK of R200, issued salers, invoice no raders for goods ratumed to them, I R The owner, Sponge Bob took stock at the selling price of R1 Karen White was declared ins dividend of 20 cents in a rand Ader, K Dube returned damaged goods that were bought for, sir account of R 15 000 with Krabs Traders on time, interest of two months was charged at the rate of 10% p.a. Returned faulty equipment, purchased from Willow Traders for R9 000, a debit note no. 41 was issued. amounted cash according to the cash register (CRT2) Paid R 9 500 via EFT to Patrick Stores for , included in the amount is R1 500 for delivery cost. Transfer Z. Khumalo's credit balance of R900 from the Debtors ledger to the Creditors Lodger. Sold goods on credit to Mr Bear at a profit of R200, issued Invoice no.23 Bought the following on credit from Zig-Zag Wholesalers, invoice no.111 was Equipment R6 500 R 350 Issued debit note 42 to Zig Zag Traders for goods returned to them, R2 000. Stationery purchased for R250 was debited in the consumable account. Correct the error. 52 according to the cash register (CRT2), amounted to R31 500. cpy Paid R 9 500 via EFT to Patrick Stores for stock, included Khumalo's credit balance of R900 from the Debtors ledger to in the amount is cpj R1 500 for delivery cost. Transfer Z. profit of R200, issued invoice no.23 29 Bought the following the Creditors Ledger. Sold goods on credit to Mr Bear at a on credit from Zig-Zag Wholesalers, invoice no.111 was 30 Issued debit note 42 to Zig Zag Traders for goods returned to received. • Paper for the printer, R 350 Equipment, R 6 500 them, R2 000. Stationery purchased for R250 was debited in a ucbithote nou s SUT 101 CUST ||| О

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 11P: Dollar-Value LIFO Retail Intella Inc. adopted the dollar-value retail LIFO method on January 1,...

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