The following are miscellaneous transactions for Top Shoe Suppliers for March 2021: Date 1 7 13...

 

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The following are miscellaneous transactions for Top Shoe Suppliers for March 2021: Date 1 7 13 14 15 Transaction Details The owner took shoes from the stock for personal use, selling price R 239.40 Paid the Southern Municipal Council the business water and electricity bill by cheque, R 342.00 NB: The business uses the perpetual inventory method with a mark-up of 50%. Date Paid the Icon 24 hour protector the business security services bill by cash, R 500.00 Purchased trading inventory, cost price = R 28 500.00 Cash sales of trading inventory, selling price = R 855.00 Required: Using the example below, analyse the above transactions using the accounting equation and enter the name of the general ledger accounts which will be affected (Ignore Vat). Example: Received a capital contribution of R 205 000.00 in the form of cash: e.g Assets + 205 000.00 Bank Owner's equity + 205 000.00 Capital + Liabilities 0 The following are miscellaneous transactions for Top Shoe Suppliers for March 2021: Date 1 7 13 14 15 Transaction Details The owner took shoes from the stock for personal use, selling price R 239.40 Paid the Southern Municipal Council the business water and electricity bill by cheque, R 342.00 NB: The business uses the perpetual inventory method with a mark-up of 50%. Date Paid the Icon 24 hour protector the business security services bill by cash, R 500.00 Purchased trading inventory, cost price = R 28 500.00 Cash sales of trading inventory, selling price = R 855.00 Required: Using the example below, analyse the above transactions using the accounting equation and enter the name of the general ledger accounts which will be affected (Ignore Vat). Example: Received a capital contribution of R 205 000.00 in the form of cash: e.g Assets + 205 000.00 Bank Owner's equity + 205 000.00 Capital + Liabilities 0

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