EMS Grade 9 Baseline Assessment Term 2 SECTION C FINANCIAL LITERACY QUESTION 4: JOURNALS INSTRUCTIONS AND INFORMATION: On the 1 July 2024, M. Adam opened her business, Adams Plastics. The business uses a mark-up of 30% on cost price. Use the information provided to record the transactions in the following journals: 4.1 Cash Receipts Journal with analysis columns for Analysis of Receipts; Bank; Sales; Cost of Sales; Debtors' Control and Sundry Accounts (7) 4.2 Cash Payments Journal with analysis columns for Bank; Trading Stock and Sundry Accounts (6) IMPORTANT: DO NOT close off the journals on 31 July 2024. TRANSACTIONS FOR JULY 2022: 03 Cash Sales according to the cash register tape amounted to R4 000. 11 Paid Barack Wholesalers R5 200 electronically for the following items bought: Stock of R4 200 and Stationery for office use for R1 000. 18 Received R400 from B. Baloyi for rent income. Issued Receipt 50. SECTION C FINANCIAL LITERACY QUESTION 4 JOURNAL CASH RECEIPTS JOURNAL OF ADAMS PLASTICS - JULY 2024 DOC NO. DAY 03 DETAILS FOL CRJ1 SUNDRY ACCOUNTS ANALYSIS OF RECEIPTS BANK SALES COST OF SALES DEBTORS' CONTROL AMOUNT FOL DETAILS CASH PAYMENTS JOURNAL OF ADAMS PLASTICS JULY 2024 DOC NO. DAY NAME OF PAYEE FOL BANK TRADING STOCK 03 (7) CPJ 1 SUNDRY ACCOUNTS AMOUNT FOL DETAILS​