2011_fac1502_test_two_week_four

2011_fac1502_test_two_week_four - FAC1502 TEST TWO WEEK...

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FAC1502 TEST TWO WEEK FOUR Page 1 of 3 QUESTION (23 MARKS) (25 MINUTES) Jack Jones runs JJ Personal Training Gym. He is a personal trainer and the Gym is registered as a VAT vendor. During the month of February 2009, the following transactions took place: 2 He issued cheque no. 4455, for the amount of R6 500, to Block Rental Agency for the rental of the gym. Elizabeth Cooper paid for account of R1 500 in full and was issued with receipt no. 7550. Jude Arniston paid his gym fees of R1 700 was was issued with a receipt. 5 The Telkom Statement for January arrived and was paid immediately by cheque, R1 320. 8 Received an invoice from Bars Trading who supplied new weights to the value of R5 000. 15 Issued a receipt to Margaret Bullock for the amount of R988 in full settlement of her account of R1 100. Jack filled his wife’s car with petrol and paid R550 by cheque to Star Garage. 17 Deposited R10 450 into the bank account for fees earned which had been paid in cash. (He issued one receipt for the entire amount.) 25
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2011_fac1502_test_two_week_four - FAC1502 TEST TWO WEEK...

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