Answer Happy

Jasmine Traders is a home and nursery centre located in Johannesburg. Jasmine Traders is having trouble working out how much they owe Plant World, one of their suppliers as at the end of April You have been provided with the following information: April Information summarised from the Journals relating to Plant World March Payments made by EFT 3850 Credit purchases 13 340 Purchase returns 500 12 840 11 339 910
PLANT WORLD DEBTORS STATEMENT JASMINE TRADERS ACCOUNT NUMBER: JTOOL DATE 25 MARCH 2021 DATE TRANSACTION DET CREDIT BALANCE 1 Mar 4540 3 1200 Invoice061 Re041 Invoice) 5740 420 3 SO 8 5630 10520 10 Invoice ONS 2.660 12 Invoke ORS 3850 17030 TRO 14 Recit 044 30 PLANT WORLD DERIT CREDIT DEBTORS STATEMENT JASMINE TRADERS ACCOUNT NUMBER: FT001 DATE: 25 APRIL 2021 DATE TRANSACTION 1 April 4 Invice Invoice 095 14 hec 051 15 Create 021 BALANCE 1330 12 150 2460 2640 290 1001 6997 6 19 TOOS Invoice 1037 Invoice 1005 20 2794 650 3100 1035 11 24 14111 MacBook Air
22 Additional information The balance on Plant World's account in the Trade Payables subsidiary ledger of me Traders on 1" March was R3890. The difference between the statement balance and the Trade Payables subsidiary ledger balance was a result of an EFT payment made on 28 February that was not reflected by Pan World Invoice 1009 reflected on the April statement had not yet been received by lasmine Traders Jasmine Traden sent a debit note to Plant World in March for 1500, representing the difference between the price they had verbally agreed on some items purchased and the price that appeared on the invoice. They still have not gotted a compromise Acredit note for goods returned in April for 9.30 appears on the Arments 10 The credit rate has been correctly recorded by die Traders in April. This is the only entry in the creditors lowances journal for April invoice 1005 on the April statement is for a Traders notlamine Trades. An invoice for 658 shown on the April statement was followers ordered by the owner Willow for his wedding anniversary. The bookkeeper had not recorded this transaction ut, as the owner had ordered the good in his own name and not for the business IGNOREVAT Hequired
Required: 2.3.1 Prepare the Plant World account in the Trade Payables ledger of Jasmine Traders, showing all the transactions for March and April. A folio column is required 2.3.2 Prepare a Trade Payables reconciliation statement as at 31 March and 30 April. 2.3.3 Should Plant World agree to deduct R500 from the invoice amount, how will this be reflected by Plant World