The following are miscellaneous transactions for Sliced Lemon for March 2019. Ignore VAT. The business uses
the perpetual inventory method with a mark-up of 25 % on cost.
Date Transaction Details
6 The owner took clothing from stock for personal use, selling price = R 775.00.
9 Paid the Kings Municipal Council the business water and electricity bill by cheque, R 1 450.00.
13 Purchased trading inventory on credit from Hidding CC, R 32 500.00.
14 Cash sales of trading inventory, selling price = R 925.00.
25 Credit sales of trading inventory, selling price = R 2 250.00.
28 A debtor returned some of the goods purchased from Sliced Lemon on 25 March. The cost price of the
goods was R 800.00.
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