This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Here are the credit transactions recorded in the Creditors Journal for Buthi's Traders for April 20.1. Step 1: Analyze each transaction and identify the creditor, invoice number, total amount, and the accounts to be debited. April 6: Creditor: R&R Suppliers Invoice No.: 01 (renumbered from 301) Creditors Control (Cr): R1 320 Trading Inventory (Dr): R1 320 April 15: Creditor: Goodies Wholesalers Invoice No.: 02 (renumbered from 653) Creditors Control (Cr): R2 760 Trading Inventory (Dr): R2 310 Stationery (Dr): R300 Packing Material (Dr): R150 April 21: Creditor: R&R Suppliers Invoice No.: 03 (renumbered from 386) Creditors Control (Cr): R2 450 (R800 + R1 650) Trading Inventory (Dr): R800 Sundry Accounts (Dr): Cash Register, R1 650 April 23: Creditor: R&R Suppliers Invoice No.: 394 Creditors Control (Cr): R200 Packing Material (Dr): R200 Step 2: Record the transactions in the Creditors Journal. |l|l|l|r|r|r|r|l|r| 9|c|Creditors Journal of Buthi's Traders \\ Date & Creditor's Name & Invoice No. & Creditors Control (Cr) & Trading Inventory (Dr) & Stationery (Dr) & Packing Material (Dr) & 2|c|Sundry Accounts (Dr) \\ 8-9 & & & & & & & Account & Amount \\ April & & & & & & & & \\ 06 & R\&R Suppliers & 01 & R1320 & R1320 & & & & \\ 15 & Goodies Wholesalers & 02 & R2760 & R2310 & R300 & R150 & & \\ 21 & R\&R Suppliers & 03 & R2450 & R800 & & & Cash Register & R1650 \\ 23 & R\&R Suppliers & 394 & R200 & & & R200 & & \\ Total & & & R6730 & R4430 & R300 & R350 & & R1650 \\ 3 done, 2 left today. You're making progress.