These source documents were written out during August by the accountant of Deep Di, a business engaged in dying materials and leather.

You are required to:

1. Process the transactions using the accounting equation. Your entries must show the effect on the accounting equation.

2. Draft a summary statement of financial position.

3. Draft a summary statement of profit or loss & other comprehensive income.

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Date 1 4 9 14 19 4 7 26 00 8 11 274 Number RE1 RE2 RE3 RE4 RE5 IN1 IN2 IN3 C1N1 C1N2 X200 X201 X203 Receipts issued Capital invested by the owner Di Blue Services rendered Services rendered Cash received from A Zolly Services rendered Invoices received Dye-Merchants for materials Stop-Go Motors for a vehicle Di-Mech Ltd for machinery Invoices issued B Zach for services rendered A Zolly for services rendered Cheque counterfoils Rent expense Stationery expense Salaries expense R1 900 R200 R520 R650 R630 R960 R8 000 R2 200 R970 R1 650 R400 R250 R800