QUESTION $3(10$ Marks$)$

REQUIRED

For each of the transactions below, state how the accounting equation TG Traders will be affected. Follow the example provided. Assume that the bank balance is always favorable,

$(5$ Marks$)$

Example

A payment was made to Telkom for the telephone bill of R$2000.$

$\backslash$table$[[$Assets$,$Equity,Liabilities$],[$Decrease by R$2000,$Decrease by R$2000,$No change$]]$

IRANSACTIONS

$3($a$)$

$3\mathrm{.}1$ The proprietor increased her capital contribution by depositing R$50000$ cash into the banking

account of the business.

$3\mathrm{.}2$ A payment was made to Ken Bank for a part repayment of loan, R$20000.$

$3\mathrm{.}3$ Purchased a laptop on credit, R$15000.$

$3\mathrm{.}4$ The proprietor took stationery for her personal use, R$200.$

$3\mathrm{.}5$ Received R$600$ from a debtor who setted his account.

$3($b$)$

REQUIRED

State the double entries $($Account Debit and Account Credit$)$ for each of the following transactions of TG Traders: $(5$ Marks$)$

IRANSACTIONS

$3.$b$1$ The tenant paid the rent of R$4000$ to BG Traders.

$3.$b$2$ An electronic funds transfer $($EFT$)$ was made to Kelly Suppliers for an office desk purchased, R$2000.$

$3.$b$3$ An entry for a discount allowed to a debtor who settled his account in the previous month was omitted from the records of the business, R$100.$

$3.$b$4$ Stationery was purchased from petty cash, R$50.$

$3.$b$5$ The depreciation on vehicles amounted to R$60000.$