(7) (NOTE: the source documents are re-numbered) Do not close off the journals, narrations are not required for the General Journal. The following transactions were not yet recorded in their respective Journals: Date 1 7 3 Transactions Sold goods on credit to M. Masha, the cost price was R800, issued invoice no.22. (16) 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, R6 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 Pap

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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Question
(7)
(NOTE: the source documents are re-numbered)
Do not close off the journals, narrations are not required for the General Journal.
The following transactions were not yet recorded in their respective Journals:
Date
1
7
3
Transactions
Sold goods on credit to M. Masha, the cost price was R800, issued invoice
no.22.
(16)
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, R6 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 Pap
Transcribed Image Text:(7) (NOTE: the source documents are re-numbered) Do not close off the journals, narrations are not required for the General Journal. The following transactions were not yet recorded in their respective Journals: Date 1 7 3 Transactions Sold goods on credit to M. Masha, the cost price was R800, issued invoice no.22. (16) 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, R6 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 Pap
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