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
Inventory to the value R was bought on credit from an approved provider, XYZ Ltd on April and invoice # was issued to Bubbeloo Bubblegum.
The monthly electricity bill of R was paid via an electronic fund transfer EFT to the local municipality, based on invoice dated April
A secondhand delivery vehicle with a purchase price of R was bought on credit from WeBuyVehicles on April imoice A cash deposit of R was paid to secure the purchase.
The rental payment of R for April for the headquarters office buiding was made on April via an EFT lo LinPop, as per invoice LP dated April
Goods to the value of Rcost were sold for cash, on Apnl recorded on the cash register roll.
Interest of R recorded on a debit bank balance, as per the bank statement on April downloaded from Standard Bank's online banking website.
Goods to the value of Rcost were sold on credit to Sweet Surprises Ply Lld and invoice number BB was issued on April
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 April The furniture is valued at R
Addilional information:
Bubbeloo Bubblegnum is registered as a VAT vendor and VAT is charged at
The markup perventage on inventory is consult your prior accounting knowledge and the internet foe more information on the difference between gross profit percentige and markup 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