Journal Revision
ZEST Traders is a small retail business selling electronics and accessories in August
2025. They manage credit and cash transactions with suppliers and customers,
including purchases, sales, payments, receipts, and returns.
Transactions for August 2025
1. August 2: Purchased electronics on credit from Tech Suppliers for R 15,000,
invoice 101.
2. August 5: Sold goods on credit to customer J. Smith for R 8,500 (cost price
R5,100), invoice 305.
3. August 7: Paid Tech Suppliers R 10,000 via bank transfer for part of invoice 101,
bank reference 001.
4. August 10: Received R 5,000 cash from customer J. Smith as partial payment
for invoice 305, receipt 201.
5. August 12: Customer J. Smith returned goods worth R 1,500 from invoice 305
due to incorrect items, credit note 25 issued.
6. August 15: Sold goods for cash to a walk-in customer for R 3,000 (cost price R
1,800), receipt 202.
7. August 18: Purchased stationery on credit from OfficeMart for R 1,200, invoice
45.
8. August 20: Paid OfficeMart R 1,000 via bank transfer for invoice 45, bank
reference 002.
9. August 25: Sold goods on credit to customer K. Brown for R 6,000 (cost price R
3,600), invoice 306
10. August 28: Received R 2,000 cash from customer K. Brown as partial payment
for invoice 306, receipt 203.