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: Question Example Assets O.E + +50 +50 000 000 Liabilities 0 Account Account Debited Credited Bank Capital

Transactions: (9x4)

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 Vehicle purchased on credit from Virginia Cars Limited, R22 400

17 Kannadrift Municipality paid R2 200 on their account

28 Wages paid, R4 000

29 Cheque drawn for private use, R1 300

30 Paid R9 000 to Virginia Cars Limited on their account

Show the effect of each transaction on the basic accounting equation and indicate accounts debited and credited.

Show the effect of each transaction on the basic accounting equation and indicate accounts debited and credited. Total the equation. ( 14) Use the example below and the following table as a guide when tabulating your answers