Prepare the journal entries for the following transactions: Purchase of trading stock and equipment on credit, sale of goods on credit, and purchase of trading stock with carriage on purchases on cred

Here are the journal entries for the transactions:

Step 1: Record Transaction 24 in the Creditors Journal (CJ)
This transaction involves purchasing trading stock and equipment on credit from Muller Ltd.

$$\boxed{ \begin{array}{|l|l|l|} \hline \textbf{Date} & \textbf{Account} & \textbf{Amount (R)} \\ \hline \text{April 24} & \text{Debit: Trading Stock} & 5\,200 \\ & \text{Debit: Equipment} & 4\,000 \\ & \text{Credit: Creditors Control (Muller Ltd)} & 9\,200 \\ \hline \end{array} }$$

Step 2: Record Transaction 25 in the Debtors Journal (DJ)
This transaction involves selling goods on credit to G. Cronje.

$$\boxed{ \begin{array}{|l|l|l|} \hline \textbf{Date} & \textbf{Account} & \textbf{Amount (R)} \\ \hline \text{April 25} & \text{Debit: Debtors Control (G. Cronje)} & 3\,000 \\ & \text{Credit: Sales} & 3\,000 \\ \hline \end{array} }$$

Step 3: Record the Steyn Logistics transaction in the Creditors Journal (CJ)
This transaction involves purchasing trading stock and incurring carriage on purchases on credit from Steyn Logistics.

$$\boxed{ \begin{array}{|l|l|l|} \hline \textbf{Date} & \textbf{Account} & \textbf{Amount (R)} \\ \hline \text{April (no specific date)} & \text{Debit: Trading Stock} & 950 \\ & \text{Debit: Carriage on Purchases} & 200 \\ & \text{Credit: Creditors Control (Steyn Logistics)} & 1\,150 \\ \hline \end{array} }$$

Step 4: Record Transaction 26 in the Cash Receipts Journal (CRJ) and General Journal (GJ)
This transaction involves receiving partial payment from an insolvent debtor, S. Fourie, and writing off the remainder as bad debt.

• Part A: Cash Receipt (CRJ) Amount received: $\text{R}1\,200 \times 0.40 = \text{R}480$. \boxed{ \begin{array}{|l|l|l|} \hline Date & Account & Amount (R) \\ \hline April 26 & Debit: Bank & 480 \\ & \text{Credit: Debtors Control