11 INVENTORY SYSTEMS INFORMATION Gugu started her own business, Gugu Hairdo, on 1 September 2017: Gugu Hairdo uses the Periodic Inventory system. The following transactions took place in Gugu Hairdo...

Inventory system

Extracted text: 11 INVENTORY SYSTEMS INFORMATION Gugu started her own business, Gugu Hairdo, on 1 September 2017: Gugu Hairdo uses the Periodic Inventory system. The following transactions took place in Gugu Hairdo dating September 2017: 1. Gugu deposited R40 000 in the cheque account of the business as her capital contribution Purchased hair pieces for R 9 000 on credit and received 12, 5% trade discount. Paid Cargo carriers R500 to transport these goods. 3. 2. The owner withdrew hairpieces worth R1 500(cost price R1 000) for her 9123 own use. REQUIRED: Analyse the transactions in the table below. Only indicate the influence of each transaction in the applicable column. ke (18) Example: Purchased Equipment for R5 200 cash. No General Ledger Assets = Equity Liabilities Аcс Cr Bank Acc Dr e.g Equipment +R5200 -R5200