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Coffee Scene has the following transactions regarding inventory for October 2023: (ignore VAT) ...

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Accounting

Coffee Scene has the following transactions regarding inventory for October 2023: (ignore VAT)

  1. Bought inventory cash for R40 000
  2. Sold inventory cash for R25 000, the cost price was R20 000
  3. Bought inventory on credit for R35 000
  4. Returned to supplier inventory with value of R3 000
  5. Sold inventory on credit for R18 000, cost price was R15 000
  6. Received goods back from a customer to the value of R 5000, cost price was R4 000.

Required: Enter the transactions and account names (where not given) into the general ledger of Coffee Scene using the periodic inventory system. DR Account Name CR

DR Bank CR

DR Account Name CR

DR Sales CR

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