Study the partially completed Debtors Ledger and answer the questions that follow. 6.2.1 Give the name of the…

Question

Study the partially completed Debtors Ledger and answer the questions that follow. 6.2.1 Give the name of the debtor. 6.2.2 Calculate the amount for A. 6.2.3 Complete the folio reference for B. 6.2.4 Calculate the amount for C.

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Here are the solutions to the Debtors Ledger questions:

6.2 Debtors Ledger

6.2.1 Give the name of the debtor
The name of the debtor is found under the ledger title.

The debtor's name is Peter Ngobeni.

6.2.2 Calculate the amount for A
The balance increased from $\text{R}2400$ to $\text{R}3900$ due to the debit entry (Invoice 34).

Determine the increase in balance.
$A = \text{New Balance} - \text{Previous Balance}$ $A = \text{R}3900 - \text{R}2400$
Calculate the value of A.
$A = \text{R}1500$
- The amount for A is $\boxed{\text{R}1500}$ .
6.2.3 Complete the folio reference for B
The transaction is a receipt, which is recorded in the Cash Receipts Journal.
- The folio reference for B is CRJ.
6.2.4 Calculate the amount for C
The balance before Receipt 19 was $\text{R}3900$ . A receipt is a credit entry, which decreases the debtor's balance.
Subtract the credit amount from the previous balance.
$C = \text{Previous Balance} - \text{Credit Amount}$ $C = \text{R}3900 - \text{R}1000$
Calculate the value of C.
$C = \text{R}2900$
- The amount for C is $\boxed{\text{R}2900}$ .

Study the partially completed Debtors Ledger and answer the questions that follow. 6.2.1 Give the name of the debtor. 6.2.2 Calculate the amount for A. 6.2.3 Complete the folio reference for B. 6.2.4 Calculate the amount for C.

Step-by-step solution

6.2 Debtors Ledger

Determine the increase in balance.

Calculate the value of A.

Subtract the credit amount from the previous balance.

Calculate the value of C.

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