Prepare the Debtors Journal entries for the following transactions, including sales and cost of sales.

Step 1: Record transactions in the Debtors Journal.
The Debtors Journal records all credit sales. For each credit sale, the selling price is recorded under Sales (Credit) and the cost price is recorded under Cost of Sales (Debit).

• April 1: Sold goods to S Samuel on account.
  • Sales: R560
  • Cost of Sales: R380
• April 7: W Williams bought merchandise on account.
  • Cost price: R3000. Mark-up: 50% on cost.
  • Selling price = R3000 + (R3000 $\times$ 0.50) = R3000 + R1