On 1 February 20.2 Khulani Barbers paid the Municipality R6 400, with the credit card of...

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On 1 February 20.2 Khulani Barbers paid the Municipality R6 400, with the credit card of the business, for the electricity account. The bank account of Khulani Barbers had a credit balance. The correct recording of the effect of the given transaction on the general ledger and the basic accounting equation is ... Instructions: 1. Drag the correct answer into the correct space (cell phone click on the answer and click on the place where you want to place the amount - also keep your cell phone horizontal when doing the question). 2. An option can be used more than once. 3. If an option has been provided and it is not applicable to the specific question please put a 0 in the applicable column. KHULANI BARBERS Date 20.2 Feb 1 General ledger Account debited Account credited Dr R A = Cr R Bank 6 400 Dr R Electricity: Deposit E+ Trade payables control Electricity expenses 0 Cr R Dr R K Cr R On 1 February 20.2 Khulani Barbers paid the Municipality R6 400, with the credit card of the business, for the electricity account. The bank account of Khulani Barbers had a credit balance. The correct recording of the effect of the given transaction on the general ledger and the basic accounting equation is ... Instructions: 1. Drag the correct answer into the correct space (cell phone click on the answer and click on the place where you want to place the amount - also keep your cell phone horizontal when doing the question). 2. An option can be used more than once. 3. If an option has been provided and it is not applicable to the specific question please put a 0 in the applicable column. KHULANI BARBERS Date 20.2 Feb 1 General ledger Account debited Account credited Dr R A = Cr R Bank 6 400 Dr R Electricity: Deposit E+ Trade payables control Electricity expenses 0 Cr R Dr R K Cr R

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In order to correctly record the transaction for Khulani Barbers we must consider what the payment for the electricity account does to both the bank a... View the full answer