Process the above transactions through a table such as the one attached. Thetransaction of 1 March 2021above is used as an example. Record amountswithout brackets to indicate an increase; amounts in...


Process the above transactions through a table such as the one attached. The
transaction of 1 March 2021above is used as an example. Record amounts
without brackets to indicate an increase; amounts in brackets to indicate a
decrease; and 0 (a zero) for no effect.


Example of the table required:<br>Date<br>Assets<br>Equity<br>Liabilities<br>Account<br>Account<br>Mar.<br>R<br>R<br>R<br>Debited<br>Credited<br>1eg<br>70 000<br>70 000<br>Bank<br>Capital- Angle<br>(20)<br>

Extracted text: Example of the table required: Date Assets Equity Liabilities Account Account Mar. R R R Debited Credited 1eg 70 000 70 000 Bank Capital- Angle (20)
2021<br>Transaction<br>March<br>1 eg.<br>Alice deposited capital R70 000 into the business bank account.<br>1<br>Paid R5 000 as rent for March 2021.<br>2.<br>Alice contributed equipment valued at R75 000 that she was using at home. The<br>equipment was fully paid for personally by Alice.<br>Additional equipment was purchased for R35 000 and paid through Alice's personal<br>bank account.<br>6<br>The business obtained a loan of R150 000 from Kind Bank and deposited into the<br>business bank account. The loan is repayable in 3 equal annual instalments. The first<br>instalment is payable on 31 March 2023. Interest is payable monthly at 7% per year<br>beginning on 1 April 2021.<br>Purchased a vehicle for business purposes from Fast Cars Ltd for R220 000. Paid a<br>10<br>deposit equal to 20% of the purchases price by making an electronic finds payment<br>(EFT). The balance will be paid in 36 monthly instalments of R6 320 beginning 4 June<br>2021.<br>11<br>Purchased consumable material for R3 150 and paid by EFT.<br>25<br>Provided services to clients on credit for a total of R96 600.<br>31<br>Issued receipts to clients for total of R76 600 in payment of the client's accounts<br>Paid salaries of R15 000 by making direct deposits into the employee's bank accounts.<br>3.<br>

Extracted text: 2021 Transaction March 1 eg. Alice deposited capital R70 000 into the business bank account. 1 Paid R5 000 as rent for March 2021. 2. Alice contributed equipment valued at R75 000 that she was using at home. The equipment was fully paid for personally by Alice. Additional equipment was purchased for R35 000 and paid through Alice's personal bank account. 6 The business obtained a loan of R150 000 from Kind Bank and deposited into the business bank account. The loan is repayable in 3 equal annual instalments. The first instalment is payable on 31 March 2023. Interest is payable monthly at 7% per year beginning on 1 April 2021. Purchased a vehicle for business purposes from Fast Cars Ltd for R220 000. Paid a 10 deposit equal to 20% of the purchases price by making an electronic finds payment (EFT). The balance will be paid in 36 monthly instalments of R6 320 beginning 4 June 2021. 11 Purchased consumable material for R3 150 and paid by EFT. 25 Provided services to clients on credit for a total of R96 600. 31 Issued receipts to clients for total of R76 600 in payment of the client's accounts Paid salaries of R15 000 by making direct deposits into the employee's bank accounts. 3.
Jun 11, 2022
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