QUESTION $2$

$2\mathrm{.}1$

$(20$ MARKS$)$

REQUIRED

Show the effect of the following transactions of Viking Stores on the Accounting equation. Use $"+"$ to denote an increase, $"-"$ to denote a decrease and $"0"$ to denote no change to the elements of the equation. Assume that the bank balance is always favourable. Follow the example below:

$(10$ marks$)$

Example: The telephone account was paid by debit order, R$1000.$

$\backslash$table$[[$No$.,$Assets,$=,$Equity,$+,$Liabilifies$],[,-$ R$1000,-$ R$1000,0,,]]$

TRANSACTIONS OF VIKING STORES

$2\mathrm{.}1\mathrm{.}1$ Received R$3000$ from a debtor who settled her account.

$2\mathrm{.}1\mathrm{.}2$ Received an account from Fordsburg Garage for repairs to the vehicle, R$2000.$

$2\mathrm{.}1\mathrm{.}3$ A payment was made for office equipment purchased, R$5000.$

$2\mathrm{.}1\mathrm{.}4$ The proprietor increased her capital contribution by depositing R$100000$ into the banking account of Viking Stores.

$2\mathrm{.}1\mathrm{.}5$ The bank credited the account of Viking Stores with R$500$ for interest on fixed deposit.