Draw eft 36 to v. junior dealers

Assignment Help Financial Accounting

Reference no: EM133775911

Question: Use the following information from the subsidiary journals above to complete the following and close off the accounts

Creditors leadger of L. Traderes
General Ledger
Infromation

1. Creditors list
L.Diego Traders                                      50,000
V.Junior Dealers                                      60,500
C.Benzema Traders                                  30,000
Balance on the Creaditors control               140,500

2. Balances and Totals in the general ledger on 1 August 2024:

Inventory    100,000
Equipment                                                 90,000
Bank                                                        38,000
Creaditors control                                     140,500
Packaging material                                      4000
Stationery                                                  6,000

Transactions
2. Draw EFT 36 to V. Junior dealers for R 19 000 as partial settlement on account.
6 Issued a debit note no. 12 for stationery R150, equipment R2 160 and stock, R580 to C. Benzema Traders.
7 Made an EFT of R20 000 to L. Diego Traders as partial settlement of our outstanding debt.
3 Credit purchase invoices received fromthe following creditors.
• C. Benzema Traders for stock R3 000 and packaging material, R1 900. Renumbered invoice 29.
• V. Junior Dealers for inventory R5 000 and stationery RA 400.
• L. Diego Traders for Trading stock, R1 200 subject to 10% trade discount.

Reference no: EM133775911

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