SECTION B (Financial Literacy)

**QUESTION 4: Cash Journals**

Ziyakhala Traders service for the repair of motor vehicles.

**REQUIRED:**

4.1 Record the following transactions in the Cash Journals.

4.2 Close off only the columns in the Cash Receipts Journal at the end of the month.

**TRANSACTIONS FOR JANUARY 2016:**

1. The owner, Ziyakhala Zikhali, deposited R500,000 directly into the business account. Issued receipt no. 201 to the owner.
2. Purchased equipment from Tech Stores and paid by EFT no. 401, R36,000.
3. Purchased spare parts (Material Cost) from Ronnie Suppliers for R15,000 and paid by EFT no. 402. Provide numbers for source documents where they are not provided.
4. Issued an EFT for R150 to Prestige Stationers for stationery purchased.
5. Services rendered for cash, R18,000.
6. Purchased a vehicle from Hassen Garage and paid by EFT, R180,000.
7. Made an EFT for wages of R4,500.
8. An EFT for R12,000 was drawn by the owner, Ziyakhala Zikhali, for personal use.
9. Received an EFT from Super Nails for rent for the month, R8,400.
10. Made an EFT to pay for wages, R4,500.
11. Made an EFT to Mpumalanga City to pay for electricity, R3,500, and rates, R2,000.

(Note: Ensure all source documents are numbered appropriately.)