15 minutes The following transactions were taken from the books of Sultanahmet Carpets:
Transactions:
4 Sold four carpets for a Selling price of R945,50 each, as per invoice X41 to
Mrs M South (Cost of sales, R645 each)
9 N. East bought five doormats, marked R142 each, as per invoice X42 (Cost of sales,
R90 each)
15 Mrs S. West bought an imported Chomp carpet for R3 491, invoice X43 (Cost of sales
was R1 746)
27 P. North bought an imported Juniper carpet for R8 544 (Cost of sales was R5 200), as
per invoice X44
Required:
a) Enter the transactions into the Debtors Journal of Sultanahmet Carpets for
October 2014.
b) Post to the General and Debtors Ledgers and make use of applicable folio numbers.
c) Show the effect on the Accounting Equation of the transaction on 27 October 2014.​

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?