2.2 Question 2BusThe following information was taken from the books of Towel Talk for January and February 2021:List of balances in the Debtors Ledger of Towel Talk as at 31 January 2021:2.:DebtorLSimpsonFolAmountD1R12 000Marvel LtdD2R13 900RGreenD3R9 600Home Centre LtdD4R2 300D PatelDSR16 500R54 300O The Independent institute of Education (Py Ld 2021Page 4of212021Debtors Journal of Towel Talk - February 2021DOC NO DATEFOL DEBTORSSALESDETAILSOUTPUTCONTROLVATINV203 2INV204Marvel LtdD217 2502 25015 0008Home Centre LtdD424 1503 15021 000INV20512L. SimpsonD12 8753752 500INV20618D. PatelD59 77512758 500INV20722R. GreenD31 093143950INV20824L. SimpsonD15 1756754 500INV209D. Patel2 3003002 00028DS62 6188 16854 450Debtors Allowances Journal of Towel Talk - February 2021DOC NO DATEDETAILSFOL DEBTORSINPUT VAT SALESCONTROLRETURNSCN454Marvel LtdD22 8753752 500CN4613L. SimpsonD157575500CN4723R. GreenD323030200CN4825L. Simpson5 175D16754 5008 85511557 700Cashbook Receipts of Towel Talk - February 2021FOL BANKDOCDATEDETAILSDEBTORSOUTPUTSALESSUNDRIESNOCONTROL VATAMOUNT FOL DETAILSCRI33 12 700Pitt20 70018 000CR33473 7953 300H.495ServicesHomerRenderedDR2814D10008000SimpsonCR33519Cash27 600360024 000DR2923D. PatelDS24 96124 961DR3026D15 9855985Simpson91 0418946679542 0003 300 General Journal of Towel Talk - February 2021DOCDATE DETAILSFOL DEBITCREDITNOJV2523Sales1143Input VAT171Debtors Control/D. PatelD51 314(Settlement Discount of 5%)JV2626Sales274Input VAT41Debtors Control/L. Simpson D1315(Settlement Discount of 5%)JV2728Credit losses23 000Input VAT3 450Debtors Control/HomeD426 450Centre(Amount written off as irrecoverable)JV2828Debtors Control/Marvel LtdD2 ?Interest Received?(Interest for the month on overdueaccount at 10% per annum calculatedon the month end balance)Additional information:The cheque received from L Simpson on the 26" February in settlement of her accountwas returned by the bank marked R/D on the 28th February 2021. This transaction has notyet been recorded.The debtors control and debtors list was reconciled on the 31" January 2021Q.2.1Open, post to and balance the debtors control account in the general ledgerof Towel Talk for February 2021. (Round off to the nearest rand)O The Independent Institute of Education (Pty) Ltd 2021Page 6 of 8212021Q.2.2Prepare the individual account of L. Simpson in the debtors ledger of TowelTalk for February 2021. (Round off to the nearest rand)Q.2.3Prepare the debtors list of Towel Talk as at 28 February 2021. (Round off tothe nearest rand) (Show all workings)

Answered: Question 2 The following information…

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section18.2: Long-term Debt Financing

Problem 1OYO

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Please help with this question from my textbook : Prepare the debtors list of Towel Talk as at 28 February 2021. (Round off to the nearest rand) (Show all workings) Information as well as format needed is attached
Additional information: • The cheque received from L. Simpson on the 26th February in settlement of her account was returned by the bank marked R/D on the 28th February 2021. This transaction has not yet been recorded. • The debtors control and debtors list was reconciled on the 31st January 2021 Q.2.1 Open, post to and balance the debtors control account in the general ledger of Towel Talk for February 2021. (Round off to the nearest rand) 2021 2.2 Prepare the individual account of L. Simpson in the debtors ledger of Towel Talk for February 2021. (Round off to the nearest rand) 2.3 Prepare the debtors list of Towel Talk as at 28 February 2021. (Round off to the nearest rand) (Show all workings)
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