Question: please help QUESTION 1 30 marks Vincent's Traders was established on 1 January 2020 by Mrs. Katy Vincent. She deposited R600 000 as capital to

please help

please help QUESTION 1 30 marks Vincent's Traders was established on 1

QUESTION 1 30 marks Vincent's Traders was established on 1 January 2020 by Mrs. Katy Vincent. She deposited R600 000 as capital to start trading in cleaning products. The following transactions occurred during January 2020: Date Transaction 3 A loan from ABC Bank was approved to finance the business. The amount is R200 000. Five cleaning equipment units were purchased at an amount of R65 000 each. 5 A deposit of R10 000 for each unit was paid immediately by cheque, and the rest was still outstanding at the end of the month, 6 Delivery costs were paid to deliver the equipment to the business premises: R5 650. 10 Services to the amount of R22 000 were rendered on credit to Miss Brown. 15 Rent to the amount of R5 500 was paid per cheque. 25 Vincent's Traders paid the first loan installment of R3 333 and also paid interest of R1 630 on the loan. 26 Received R8 000 as part payment for the services rendered on credit to Miss Wilson. 28 Advertisement costs of R2 410 for an advert placed in the local newspaper were still outstanding at the end of the month. 31 Salaries and wages of R15 000 were paid to employees. 31 Coffee, tea, milk and sugar to an amount of R1 960 were purchased with cash. REQUIRED: MARKS Record the transactions above in the accounting equation. 30 TOTAL MARKS 30 Make use of the following format Account Account debited credited Assets Equity Liabilities

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