On 25 March 2020, SA Attorneys (registered as a VAT vendor and VAT is charged at 15%) paid the business telephone account to the amount of R2 500 (VAT inclusive) via an EFT. The entry on 25 March 2020 in a book of first entry will be:Select one:a.In the bank column – R2 500; andIn the sundries column – Telephone expense – R2 500.b.In the bank column – R2 173,91; andIn the sundries column – Telephone expense – R2 173,91.c.In the bank column – R2 500;In the VAT output column – R326,09; andIn the sundries column – Telephone expense – R2 173,91.d.In the bank column – R2 500;In the VAT input column – R326,09; andIn the sundries column – Telephone expense – R2 173,91.

On 1 March 2022, SA Attorneys (a registered VAT vendor and VAT is charged at 15%) received a loan of R230 000 from SA Bank. Interest is charged at 8% per annum and the loan is repayable in monthly instalments of R5 000. The interest payable on the loan was already recorded on 31 March 2022. On 1 April 2022, SA Attorneys paid the first instalment with an EFT. The entry on 1 April 2022 in the book of first entry will be:Select one:a.In the bank column - R5 000; and in the Debtors column - R5 000b.In the bank column - R5 000; and in the Creditors column - R5 000c.In the bank column - R5 000; in the VAT input column - R625; and in the Sundries column - Loan: SA Bank - R4 375d.In the bank column - R5 000; and in the Sundries column - Loan: SA Bank - R5 000

The following transaction relates to the accounting records of SA Attorneys for March 2022. The legal practice is registered as a VAT vendor. On 24 March 2022, SA Attorneys paid the Sheriff with a business cheque of R115, for the delivery of a summons to A South. The entry on 24 March 2022 in a book of first entry will be:Select one:a.Sheriffs’ journalDateDetailsDrRCrR24Client – A SouthVAT inputSheriff10015  115 Dr – Clients control account115 b.Sheriffs’ journalDateDetailsDrRCrR24Client – A SouthSheriff115  115 Dr – Clients control account115 c.Business cash payments journal of SA AttorneysDateDetailsFol.SundriesRVATRBankR24Sheriff’s fee (client) 10015115d.Business cash payments journal of SA AttorneysDateDetailsFol.SundriesRVATRBankR24Sheriff’s fee (client) 11

The legal firm, SA Attorneys is registered as a VAT vendor. On 27 March 2022, the partners approved the sponsorship of the tuition fees of a newly registered legal student from a rural area. An amount of R6 900 for the first semester tuition fees was paid to SA University via an EFT. The above transaction will be entered in the … as a book of first entry.Select one:a.trust cash receipts journalb.business cash payments journalc.business cash receipts journald.general journal

The accountant of SA Attorneys paid the monthly telephone account of R2 000 via an electronic transfer. SA Attorneys maintained an unfavourable bank balance.Prepare the BAE incorporating the information form the above transaction in the table below by indicating the net effect (amount) and the account debited and credited:Instructions for numeric responses:1. Use a full stop to indicate any decimals (eg: 1000.01)2.  Round off to the second decimal after the full stop (eg: 50.56)3.  When an element decreases, use a negative sign in front of the amount (eg: -1000.01) 4.  When an element increases, the amount will be without any sign (eg: 1000.01)5. Only show the amount, do not show the "R" (eg: 1000)6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")

SA Traders is registered as a VAT vendor. The applicable VAT rate is 15%. The periodic inventory system and control accounts are used by the entity.On 5 March 2022 SA Printers completed printing for SA Traders to the value of R3 420,00 and was paid with an electronic funds transfer.The entry will be recorded in the journal with columns for bank, purchases, creditors, wages, VAT input, VAT output (cr) and sundry accounts as follows:Select one:a.In the bank column - R3 420,00, in the VAT output column - R446,09 and in the sundry accounts column - printing expense of R2 973,91.b.In the bank column - R3 420,00, in the VAT input column - R446,09 and in the sundry accounts column - printing expense of R2 973,91c.In the bank column - R3 420,00, in the VAT input column – R513,00 and in the sundry accounts column - printing expense of R2 907,00.d.In the bank column - R3 420,00, in the printing expense column - R2 973,91 and in the VAT input column - R446,09.e.In the bank column - R3 420,00, in the printing expense column - R2 973,91 and in the VAT output column - R446,09.