Business, 07.09.2021 14:00 santiago172005

The following transactions for King Maponga Traders transpired during the month of July 2021 Date Details of transactions 1 3 6 King Maponga, the owner, contributed a delivery vehicle valued at R65 200 to the business. Journal voucher JV 012 was issued King Maponga, the owner, took trading inventory with a cost price of R1000 for personal use. Journal voucher JV 013 was issued Charged an amount of R 1800 to Mr Settler, a debtor, as interest on his overdue account. Journal voucher JV 014 was issued. Settlement discount of R650 was granted to C. Zama, a debtor, for early settlement of his account. Journal voucher JV 015 was issued The bookkeeper erroneously recorded the purchases of a motor vehicle in the office equipment account. The motor vehicle was purchased for R67 000 cash. Journal voucher JV 016 was issued 12 20 26 Mr Dodger, a debtor, was declared insolvent. As a result, he was not able to pay the amount owed of R16 000. The bookkeeper decided to treat the amount as being irrecoverable. Journal voucher JV 017 was issued Record the transactions (per the table above) in the general journal of King Maponga Traders for the month of July 2021. Ignore VAT. (24 Marks)

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