Shoe Rama is a shoe shop that buys shoes for cash and sells shoes on credit and for cash. They use a mark-up of 66 2/3 % on cost price. Use the information given to prepare the journals for the business.

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Asked on June 2, 2026Accounting

This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

Accepted Answer · 2026-06-02T06:06:47.084Z

You asked me to continue with the accounting problem. I will complete M. De Kocks' account and then proceed to complete the journals as requested in the problem. Debtors Ledger (Continued) Step 3: M. De Kocks' Account Start with any credit sales to M. De Kocks. Since no opening balance is given, we assume it starts at R0. Calculate the closing balance. |l|l|r|l|l|r| Date & Details & Amount (R) & Date & Details & \ ✂️ _That answer was long and got cut off. Reply continue and I'll finish it._

Accepted Answer · 2026-06-02T06:06:47.084Z

You asked me to continue with the accounting problem. I will complete M. De Kocks' account and then proceed to complete the journals as requested in the problem. Debtors Ledger (Continued) Step 3: M. De Kocks' Account Start with any credit sales to M. De Kocks. Since no opening balance is given, we assume it starts at R0. Calculate the closing balance. |l|l|r|l|l|r| Date & Details & Amount (R) & Date & Details & \ ✂️ _That answer was long and got cut off. Reply continue and I'll finish it._

Shoe Rama is a shoe shop that buys shoes for cash and sells shoes on credit and for cash. They use a mark-up of 66 2/3 % on cost price. Use the information given to prepare the journals for the business.

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Shoe Rama is a shoe shop that buys shoes for cash and sells shoes on credit and for cash. They use a mark-up of 66 2/3 % on cost price. Use the information given to prepare the journals for the business.

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