Unit $8$ Topic $11$ Accounting Equation

Dennis' Dance studio had the following transactions. Record the transactions in

the table below.

$1$ Dennis increased his capital by $20\%.$ He already had R$200000$ invested in the

Transactions

$2$ The dance studio is rented from Kenny Properties for R$60000$ per annum. The rent for March and April were paid by cheque. business.

$3$ Paid the water and electricity account of R$720$ to the municipality.

$4$ Bought new costumes for the studio. Issued a cheque for R$2500$ to Vanity

$5$ Received interest of R$56$ on the business' bank account from Norms Bank. Fair.

$6$ A direct deposit of R$1300$ was made by Tracy Smith for her monthly classes.

$7$ New make$-$up was purchased from Lip Gloss Ltd for R$380$ for the show that was coming up$.$

$8$ Borrowed R$30000$ from Norms Bank.

$9$ Paid R$200$ interest on the loan.