QUESTION 1 (Discuss with SI leaders)

Savande Cleaning Services started business on 1 April 2017. Savande Cleaning

Services uses the periodic inventory system. The following transactions took place
during April 2017.
Date Transaction

1 Kara Lubbe (the owner) deposits R500 000 into the bank account of the
entity as her capital contribution.

2 Necessary detergents to the value of R95 000 are purchased and paid by
cheque.

4 Vacuum machines (equipment) to the value of R50 000 are purchased and
paid by cheque.

6 The carpet cleaning machinery she ordered on 1 April are delivered. She
pays the provider per online banking: R65 000.

7 Stationery worth R2 000 is purchased for use in the business.

9 A coffee machine, coffee, tea, milk and sugar are purchased for use in the
business. The coffee machine was paid per online banking and cost R4 000.
The balance of the expenses are paid in cash and amount to R2 500.

11 Services are provided for cash: R12 000.

12 Kara withdraws R5 000 for personal use.

13 Services are provided on credit to Louise Brink: R8 600.

15 Computer equipment is purchased on credit for R18 700 from NewTech.

18 Louise Brink paid a part of her account: R4 000.

25 Pay water and electricity by cheque: R3 900.

28 Pay salaries by online banking: R60 000

30 Pay NewTech R9 000 by cheque as partial settlement of their account.

REQUIRED: MARKS

Journalize the above transactions in the General Journal of Savande 35

Cleaning Services for the month ended 30 April 2017.

TOTAL MARKS 35