Section C: Accounting   Question 6: Subsidiary Journals The following information was obtained from the accounting records of JANSON SERVICES for June 2020. The business does coaching children to improve eye-hand coordination.   Complete the cash receipts and cash payments journal on the answer sheet and upload it as a PDF.   Transactions for June 2020: (42) 1 The owner, Petri Janson, increases his capital contribution by R300 000 by making a direct transfer to the business bank account.     Issue receipt no. 50 out for R40 000 to Menlo Primary School where coaching is offered.   2 EFO R8 000 to Pretor Rent for the monthly rent.   6 EFO R3 400 to Toyota for repairs to the company’s vehicle.   7 EFO R8 500 to No Limits for the purchase of machines.   8 Withdraw cash to pay the three assistant coaches’ weekly salaries of R1 000 each.   9 EFO R1 300 to the Municipality for the water and electricity.   11 Receive R18 000 cash for coaching children.   14 A receipt was issued for R800 to LM Services for office space that they rent from the business.     Services rendered in cash for the day amount to R21 400.   15 Withdraw cash R3 200; for stationery R200, and to pay weekly wages of R3 000.   18 EFO purchased R8 000 from Makro for equipment.   20 EFO R800 to Record for an advertisement.   22 Withdraw cash to pay the weekly wages of R3 300.   23 Make an electronic transfer of R300 to send flowers to the owner’s wife.   25 EFO R1 800 to Carefree Insurers for the monthly insurance.   27 Receive a donation of R5 000 from Menlopark Wholesale to help needy children get coaching.   29 EFO R800 to MTN to pay the cell phone bill.   30 ABSA increased the bank account of the business by R289 interest on the current bank account.     Services rendered in cash for the day amount to R32 800.           CLICK HERE TO OPEN THE TRANSACTIONS IN A NEW TAB:        

     Section A: Short questions     Question 1   Match the correct description in Column B with the matching terms in Column A.        

  Question 5: Markets 5.1 Read through the scenarios and identify the buyers and sellers.   5.1.1 Marcell bakes cupcakes. She brings it to school to sell breaks. Her fellow students pay R10 per cupcake and Marcell earns R120 per batter.  (2)

5.1.2 Read through the scenarios and identify the buyers and sellers. Oratile takes a taxi to school every day. He pays R10 to the taxi driver for the trip. (2)

  Question 3   Select the correct option.  

  Section B: Longer questions     Question 4: Factors of production 4.1 Read the case study below and quote evidence from the section that corresponds to the FOUR factors of production.  Case study: (4)   Amos, the car guard at Checkers, sees that many of the cars are full of dust and mud. He notices a nearby tap and starts a car wash. He will wash the vehicles while the owners are busy with their shopping. He invests in a decent and sturdy garden hose, bucket and some good soft brushes. On busy days, he gets another car guard, William, from the nearby block to help him.    

EMS_GR8E_JUNE EXAM_2021_ANSWER SHEET.docx   UPLOAD YOUR ANSWER SHEET AS A PDF DOCUMENT AFTER YOU HAVE COMPLETED SECTION C. Name your document as follow: NAME AND SURNAME_EMS_JUNE EXAM 2021_SECTION C

2.8 America is an example of a developed country. (1)

2.10 The first step in the accounting cycle is a transaction that takes place. (1)

3.4 Change in the “till” or cash register is called cash float / petty cash. (1)