Bank + Other assets = Equity + Liabilities
Ben started a new business called Easy Deliveries on 1 May 2022. The company is
situated in Manaung and delivers pakcages on behalf of clients.
On May 1st, he deposits R16 500 in the bank account to commence the business. The
following transactions took place during May 2022
2. Pays rental for the premises for May of R2 000.
3. Purchases a delivery vehicle of R75 000 on credit from ABC Ltd. An
immiate deposit of R7 500 was paid per EFT.
10. Receives R18 000 for delivery services rendered.
12. Borrows R85 000 from Ocean Bank.
14. Issues an invoice to Blue (Pty) Ltd for delivery services rendered for
R12 300.
15. Buys stationary for R8 500 and pay via EFT.
17. Received an account from XZZZ Motors for fuel purchased on account
during the month of R5 500.
18. Withdraws R5 000 from an ATM for personal use.
26. Pays salaries of R9 500.
Required
Use the information provided above and indicate the effect the transactions
would have on the
answer:
20
Bank + Other assets = Equity + Liabilities
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