1.3 CREDITORS JOURNAL OF SPONGE TRADERS FOR APRIL 2026 1.4 CREDITORS ALLOWANCE JOURNAL OF SPONGE TRADERS FOR APRIL 2026

The cost price is R18,000, and a trade discount of 8% was granted.
Trade discount = 8% $\times$ R18,000

$$\text{Trade discount} = 0.08 \times \text{R}18,000 = \text{R}1,440$$

Net purchase price = Cost price - Trade discount

$$\text{Net purchase price} = \text{R}18,000 - \text{R}1,440 = \text{R}16,560$$

$$\begin{array}{|l|l|l|l|r|r|r|r|} \hline \textbf{Doc.} & \textbf{Date} & \textbf{Details} & \textbf{Fol} & \textbf{Creditors} & \textbf{Trading} & \textbf{Stationery} & \textbf{Equipment} \\ \textbf{No.} & & & & \textbf{Control (Cr)} & \textbf{Stock (Dr)} & \textbf{(Dr)} & \textbf{(Dr)} \\ \hline 110 & \text{Apr 3} & \text{Spinach Traders} & & \text{R}16,560 & \text{R}16,560 & & \\ \hline \textbf{Total} & & & & \textbf{R16,560} & \textbf{R16,560} & \textbf{R0} & \textbf{R0} \\ \hline \end{array}$$

Note: The image provided for the Creditors Journal has columns for "Creditors Control", "Trading Stock", "Stationery", "Equipment", and "Sundry Accounts". The transaction is for Trading Stock.

1.1.4 Creditors Allowance Journal

There are no transactions for the Creditors Allowances Journal in April 2026.

$$\begin{array}{|l|l|l|l|r|r|r|r|} \hline \textbf{Doc.} & \textbf{Date} & \textbf{Details} & \textbf{Fol} & \textbf{Creditors} & \textbf{Trading} & \textbf{Stationery} & \textbf{Equipment} \\ \textbf{No.} & & & & \textbf{Control (Dr)} & \textbf{Stock (Cr)} & \textbf{(Cr)} & \textbf{(Cr)} \\ \hline & & & & \text{R}0 & \text{R}0 & \text{R}0 & \text{R}0 \\ \hline \textbf{Total} & & & & \textbf{R0} & \textbf{R0} & \textbf{R0} & \textbf{R0} \\ \hline \end{array}$$

Note: The image provided for the Creditors Allowance Journal has columns for "Creditors Control", "Trading Stock", "Stationery", "Equipment", and "Sundry Accounts".