QUESTION 4 25 MARKS This is an extract of JBS TRADERS...

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Accounting

QUESTION 4
25 MARKS
This is an extract of JBS TRADERS who did not keep complete record, but is able to provide you with the following information about his business at 1 January 2020.
JBS Traders Bank Account, for the 31 December, 2020
\table[[JBS Traders Bank Account, for the 31 December, 2020],[Balance at 1 January 2020,N$,,N$,],[Cheques received from trade debtors,405,Payments of trade creditors,29487,],[Balance 31/12/2020,3736,Rent,1650,],[,602,Rates,890,],[,,Sundry expenses,375,],[,,Drawings,6541,],[,38943,,38943,]]
All business takings were paid into the bank with the exception of N$9630. Out of this; wages of N$5472, drawings of N$1164 and purchases of goods of N$2994.
The following additional information is available:
\table[[,3112?2019,3112?2020
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