Question 3 Jasmine Traders is a home and nursery centre located in Johannesburg Jasmine Traders is having trouble workin

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Question 3 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: Information summarised from the journals relating to Plant World March April Payments made by EFT 3850 12 840 13 340 11 339 Credit purchases Purchase returns 500 910
PLANT WORLD DEBIT CREDIT DEBTORS STATEMENT JASMINE TRADERS ACCOUNT NUMBER: JT001 DATE: 25 MARCH 2021 DATE TRANSACTION 1 Mar Invoice 061 5 Receipt 041 8 Invoice 083 10 Invoice 085 12 Invoice 088 14 Receipt 044 BALANCE 4540 5 740 4 890 3 1 200 850 5 630 10 520 2 660 13 180 3850 17 030 3850 13 180
PLANT WORLD DEBIT CREDIT BALANCE 13 180 15 062 1 882 DEBTORS STATEMENT JASMINE TRADERS ACCOUNT NUMBER: JT001 DATE: 25 APRIL 2021 DATE TRANSACTION 1 April 4 Invoice 092 8 Invoice 095 14 Receipt 051 15 Credit note 021 17 Invoice 1001 19 Invoice 1005 20 Invoice 1007 24 Invoice 1009 2 460 12 602 12 840 190 (238) (428) 6569 6 997 3 784 10 353 658 11011 14 111 3 100
Additional information: The balance on Plant World's account in the Trade Payables subsidiary ledger of Jasmine Traders on 1" March was R3 690. 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 Plant World. Invoice 1009 reflected on the April statement had not yet been received by Jasmine Traders. Jasmine Traders sent a debit note to Plant World in March for R500, 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 negotiated a compromise. A credit note for goods returned in April for R910 appears on the April statement as R190. The credit note has been correctly recorded by Jasmine Traders in April. This is the only entry in the creditor's allowances journal for April. Invoice 1005 on the April statement is for Jas Traders, not Jasmine Traders. An invoice for R658 shown on the April statement was for flowers ordered by the owner Mr. Willow for his wedding anniversary. The bookkeeper had not recorded this transaction at all, as the owner had ordered the goods in his own name and not for the business. IGNORE VAT.
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.