Phumlani of South Africa consigns 10 cases of goods costing $200 per case to Christian in Ghana on the 1st July 2019. Phumlani ends his account on 31st December of every financial year. a. Phumlani...

Phumlani of South Africa consigns 10 cases of goods costing $200 per case to Christian in Ghana on
the 1st July 2019. Phumlani ends his account on 31st December of every financial year.
a. Phumlani pays $250 for carriage and insurance for the whole consignment on 1st July 2019.
Phumlani receives an interim account sales with a bank draft from Christian on 28th December 2019.
It shows the following and all currencies converted into US dollars ($):
b. Christian has sold 8 cases of goods for $400 each.
c. Christian has paid a total of $150 for landing charges and import duties on receipt of the
whole consignment.
d. He paid selling costs in respect of the 8 cases sold amounting to $160.
e. He has deducted his commission of 10% in respect of the 8 cases sold.
f. Christian encloses a bank draft of $2,570 to the account sales.
Phumlani now wishes to balance off his consignment account at his financial year end 31st December
2019 and transfer the profit to date to his profit and loss account.

a. Prepare the account sales at 28th December 2019