We read your photo as:

Calculate the purchase price for the 09 May transaction and record the transactions in the Creditors Journal.

May 19, 2026Accounting

ScanSolve AI Answer

Answer

500 = \text{R}4500

2 steps

Calculate the purchase price for the 09 May transaction.
The stock was purchased for R5000 less a 10% discount.
$\text{Discount Amount} = \text{R}5000 \times 0.10 = \text{R}500$ $\text{Purchase Price} = \text{R}5000 - \text{R}500 = \boxed{\text{R}4500}$
Record the transactions in the Creditors Journal.
The transactions are recorded as follows:
$\begin{array}{|l|l|l|l|l|l|l|} \hline \multicolumn{7}{|c|}{\textbf{Creditors Journal of Mandela Sisulu Store}} \\ \hline \textbf{Date} & \textbf{Creditor's Name} & \textbf{CLF} & \textbf{Invoice No.} & \textbf{Purchases (Stock)} & \multicolumn{2}{|c|}{\textbf{Sundry Accounts}} \\ \cline{6-7} & & & & & \textbf{Account} & \textbf{Amount} \\ \hline \text{May} & & & & & & \\ \hline 03 & \text{Liverpool Stores} & & 996 & \text{R}1100 & & \\ \hline 09 & \text{Maimai Stores} & & & \text{R}4500 & & \\ \hline 10 & \text{Eddies Dealers} & & & & \text{Vehicles} & \text{R}80000 \\ \hline \end{array}$