EMS (ACCOUNTING – DEBTORS JOURNAL)
ACTIVITY: 100
REQUIRED:
The following information was extracted from Zoom Traders for May 2019. All stock is sold at 30% mark-up
except stationary which is at 40%. Close off the Debtors Journal for the month. Round off to the nearest
rand.
DAY:
01
03
05
10
14
18
29
30
Zee (Pty) Ltd purchased supplies on credit, R7 500 issued Duplicate invoice: Z01
Waltons Stationers (Debtor) bought equipment with a cost price R5 000. Duplicate invoice
Z02
Sold stationery on credit to Jackson Editors, R800 Duplicate invoice: Z03
A Bramley (client) purchased inventory on credit, R1 500 and received a 10% trade discount
J Sherbit (sole trader) purchased merchandise for R6 500, paid by cheque Z001
S Kwesaba bought stock on credit, Issued invoice Z05 for R8 000
Zee (Pty) Ltd returned damaged stock. Issued credit note 871 for R500
Jackson Editors purchased more equipment for R500, Issued receipt 800
Reebok Traders received a trade discount of 10% for stock purchased of R1 200, issued
invoice Z06
DEBTORS JOURNAL OF ZOOM TRADERS FOR MAY 2019
Doc No Day
Details
Fol.
Sales
DJ03
Cost of sales