2.1 12:26Question 2The 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:DebtorFolAmountL SimpsonD1R12 000Marvel LtdD2R13 900R GreenD3R9 600Home Centre LtdD4R2 300D PatelDSR16 500R54 300O The Independent institute of Education (Pty Ltd 2021Page 4 of2021Debtors Journal of Towel Talk - February 2021DOC NOFOL DEBTORSOUTPUTDATEDETAILSSALESCONTROLVATINV2032Marvel LtdD217 2502 25015 000INV2048Home Centre LtdD424 1503 15021 000INV20512L. SimpsonD12 8753752 500INV20618D. PatelD59 77512758 500INV20722R. GreenD31 093143950INV20824L. SimpsonD15 1756754 500INV20928D. PatelD52 3003002 00062 6188 16854 450Debtors Allowances Journal of Towel Talk - February 2021DOC NO DATEDETAILSFOL DEBTORSINPUT VATSALESCONTROLRETURNSCN454Marvel LtdD22 8753752 500CN4613L. SimpsonD157575500CN4723R. GreenD323030200CN4825L. SimpsonD15 1756754 5008 85511557 700Cashbook Receipts of Towel Talk-February 2021DOCDATE DETAILSFOL BANKDEBTORS OUTPUTSALESSUNDRIESNOCONTROL VATAMOUNT FOL DETAILSCR333 1CRI34 7 H.A Pitt20 7002 70018 0003 7954953 300ServicesHomerRenderedDR28 14D18 0008000SimpsonCR33S 19DR29 23Cash27 600360024 000D. PatelD1DS24 96124 961DRIO265 9855985Simpson91 041a 9466 795 42 0003 300 General Journal of Towel Talk - February 2021DOCDATE DETAILSFOL DEBITCREDITNOJV2523Sales1 143Input 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 26th 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)

Debtor control account refers to the ledger that reflects the details about all the amount owed to…

Question 2 The 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: Debtor Fol Amount L Simpson D1 R12 000 Marvel Ltd D2 R13 900 R Green R9 600

Question 2 The 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: Debtor Fol Amount L Simpson D1 R12 000 Marvel Ltd D2 R13 900 R Green R9 600

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 17P: (Appendix 21.1) Comprehensive The following are Adair Companys December 31, 2018, post-closing trial...

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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)