Please dont copy past other answers from other websites. They are wrong. This is an activity in my workbook and is not for marks. The second picture is the layout of the answer. I need help with how...



Please dont copy past other answers from other websites. They are wrong.


This is an activity in my workbook and is not for marks.


The second picture is the layout of the answer. I need help with how to write the answer in the layout that's in my textbook.


Question: Journalise ALL the above transactions for the year ended 28 February 2021 in
the General Journal including the year-end adjustment entries for depreciation.
Round off to the nearest Rand
Narrations are not required


The following balances appeared in the books of Santiago Traders on 1 March 2020:<br>Land and Buildings<br>900 000<br>Vehicles<br>250 000<br>Machinery<br>200 000<br>Accumulated Depreciation on Vehicles<br>?<br>Accumulated Depreciation on Machinery<br>?<br>Additional information:<br>A new building was purchased for cash on the 1st September 2020 for R1 000 000.<br>The vehicles balance at 1 March 2020 consists of two vehicles. Vehicle A with a cost price of<br>R120 000 was sold on the 31st October 2020 on credit to Miss Smith for R60 000. The<br>vehicle was purchased on the 31 May 2018. Vehicle B was purchased on the 1 March 2019.<br>Purchased a new delivery vehicle (Vehicle C) for R345 000 on credit from N&N Motors on 1<br>December 2020<br>All machinery was purchased on the 30 April 2017<br>The depreciation policy on non-current assets are as follows:<br>Vehicles: 20% on cost using the straight-line method and no residual value<br>Machinery: 10% per annum using the diminishing balance method and no residual<br>value<br>IGNORE VAT<br>Santiago Traders has a 28 February year end<br>Journalise ALL the above transactions for the year ended 28 February 2021 in<br>the General Journal including the year-end adjustment entries for depreciation.<br>Round off to the nearest Rand<br>Narrations are not required<br>

Extracted text: The following balances appeared in the books of Santiago Traders on 1 March 2020: Land and Buildings 900 000 Vehicles 250 000 Machinery 200 000 Accumulated Depreciation on Vehicles ? Accumulated Depreciation on Machinery ? Additional information: A new building was purchased for cash on the 1st September 2020 for R1 000 000. The vehicles balance at 1 March 2020 consists of two vehicles. Vehicle A with a cost price of R120 000 was sold on the 31st October 2020 on credit to Miss Smith for R60 000. The vehicle was purchased on the 31 May 2018. Vehicle B was purchased on the 1 March 2019. Purchased a new delivery vehicle (Vehicle C) for R345 000 on credit from N&N Motors on 1 December 2020 All machinery was purchased on the 30 April 2017 The depreciation policy on non-current assets are as follows: Vehicles: 20% on cost using the straight-line method and no residual value Machinery: 10% per annum using the diminishing balance method and no residual value IGNORE VAT Santiago Traders has a 28 February year end Journalise ALL the above transactions for the year ended 28 February 2021 in the General Journal including the year-end adjustment entries for depreciation. Round off to the nearest Rand Narrations are not required
DATE<br>DETAILS<br>FOL<br>DEBIT<br>CREDIT<br>

Extracted text: DATE DETAILS FOL DEBIT CREDIT
Jun 11, 2022
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