Record the credit transactions in the Creditors Journal for Buthi's Traders for April 20.1, including…

Question

Record the credit transactions in the Creditors Journal for Buthi's Traders for April 20.1, including analysis of each transaction.

ScanSolve AI Tutor · Accepted Answer

Here are the credit transactions recorded in the Creditors Journal for Buthi's Traders for April 20.1.

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
Record the transactions in the Creditors Journal.
$\begin{array}{|l|l|l|r|r|r|r|l|r|} \hline \multicolumn{9}{|c|}{\textbf{Creditors Journal of Buthi's Traders}} \\ \hline \textbf{Date} & \textbf{Creditor's Name} & \textbf{Invoice No.} & \textbf{Creditors Control (Cr)} & \textbf{Trading Inventory (Dr)} & \textbf{Stationery (Dr)} & \textbf{Packing Material (Dr)} & \multicolumn{2}{|c|}{\textbf{Sundry Accounts (Dr)}} \\ \cline{8-9} & & & & & & & \textbf{Account} & \textbf{Amount} \\ \hline \text{April} & & & & & & & & \\ \hline 06 & \text{R\&R Suppliers} & 01 & \text{R}1320 & \text{R}1320 & & & & \\ \hline 15 & \text{Goodies Wholesalers} & 02 & \text{R}2760 & \text{R}2310 & \text{R}300 & \text{R}150 & & \\ \hline 21 & \text{R\&R Suppliers} & 03 & \text{R}2450 & \text{R}800 & & & \text{Cash Register} & \text{R}1650 \\ \hline 23 & \text{R\&R Suppliers} & 394 & \text{R}200 & & & \text{R}200 & & \\ \hline \textbf{Total} & & & \textbf{R6730} & \textbf{R4430} & \textbf{R300} & \textbf{R350} & & \textbf{R1650} \\ \hline \end{array}$

Record the credit transactions in the Creditors Journal for Buthi's Traders for April 20.1, including analysis of each transaction.

Step-by-step solution

Analyze each transaction and identify the creditor, invoice number, total amount, and the accounts to be debited.

Record the transactions in the Creditors Journal.

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