June 1 Cash in the bank deposited as opening capital, R25 000 2 D Paulus made...

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June 1 Cash in the bank deposited as opening capital, R25 000 2 D Paulus made his private equipment available to the business, R9 000 3 Additional equipment purchased and paid for by cheque, R12 000 4 Installation fees for work done on account for Kannadrift Municipality, R4 200 6 from Virginia Cars Limited, R22 400 R1 300 Vehicle purchased on credit 17 R2 200 on their account 28 29 Kannadrift Municipality paid Question 30 Limited on their account Example Wages paid, R4 000 Cheque drawn for private use, Paid R9 000 to Virginia Cars Show the effect of each transaction on the basic accounting equation and indicate accounts debited and credited. Total the equation. (1x4) Use the example below and the following table as a guide when tabulating your answers: Assets O.E + +50 +50 000 000 Liabilities Account Account Debited Credited Bank Capital June 1 Cash in the bank deposited as opening capital, R25 000 2 D Paulus made his private equipment available to the business, R9 000 3 Additional equipment purchased and paid for by cheque, R12 000 4 Installation fees for work done on account for Kannadrift Municipality, R4 200 6 from Virginia Cars Limited, R22 400 R1 300 Vehicle purchased on credit 17 R2 200 on their account 28 29 Kannadrift Municipality paid Question 30 Limited on their account Example Wages paid, R4 000 Cheque drawn for private use, Paid R9 000 to Virginia Cars Show the effect of each transaction on the basic accounting equation and indicate accounts debited and credited. Total the equation. (1x4) Use the example below and the following table as a guide when tabulating your answers: Assets O.E + +50 +50 000 000 Liabilities Account Account Debited Credited Bank Capital

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Heres how each of the transactions affects the basic accounting equation including the accounts debi... View the full answer