Below follows an extract of the summary you made of all transactions after working through...

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Accounting

Below follows an extract of the summary you made of all transactions after working through all the source documents provided to you by Mr Bonka's son, Ben. The transactions below still need to be captured in the accounting recordings of Bubbeloo Bubblegum. All the following transactions relate to April 2024.
1.1 Inventory to the value R20000.00 was bought on credit from an approved provider, XYZ Ltd, on 3 April 2024 and invoice #478 was issued to Bubbeloo Bubblegum.
1.2 The monthly electricity bill of R2500.00 was paid via an electronic fund transfer (EFT) to the local municipality, based on invoice 8973, dated 10 April 2024.
1.3 A second-hand delivery vehicle with a purchase price of R120000.00 was bought on credit from WeBuyVehicles on 18 April 2024(imoice 4489) A cash deposit of R20000.00 was paid to secure the purchase.
1.4 The rental payment of R7000.00 for April 2024 for the headquarters office buiding was made on 20 April 2024, via an EFT lo LinPop, as per invoice LP178, dated 20 April 2024
1.5 Goods to the value of R5000.00(cost) were sold for cash, on 23 Apnl 2024, recorded on the cash register roll.
1.6 Interest of R340.00 recorded on a debit bank balance, as per the bank statement on 30 April 2024, downloaded from Standard Bank's online banking website.
1.7 Goods to the value of R4000.00(cost) were sold on credit to Sweet Surprises (Ply) Lld, and invoice number BB156 was issued on 30 April 2024.
1.8 Instead of buying new fumiture, Mr Billy Bonka decided to fumish his office by transferting ilems from his personal antique furniture coliection to Bubbeloo Bubblegum on 30 April 2024. The furniture is valued at R20000.00.
Addilional information:
Bubbeloo Bubblegnum is registered as a VAT vendor and VAT is charged at 15%.
The mark-up perventage on inventory is 30%(consult your prior accounting knowledge and the internet foe more information on the difference between gross profit percentige and mark-up percentage).
Bubbeloo Bubblegum makes use of the perpetual inventory system to record inventory transactions fconsult ypur priar actounting knowledge and the internet for mare intormation on the difference betaeen the periodic inventory system and perpetual inventory system)
You do not need to distinguish between the different product and inuentory catogorics for the purposes of this assignment
Al final answers should be rounded up to two decimal places
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