HEAD OF DEPART ENTbelowTransactions of Lubanz's Garden Services for January 20201.Lubanzi Gumede deposited R200 000 into the bank account of the business the tosinissued receipt number 001According to cash register roll, a total of 16 000 was received for services renderedBought equipment of R7000 and paid by cheque number 01Purchased a business vehicle for 63 500 paid by cheque number 023.102128Paid the manager S Ntuli, his salary of R 8000 with cheque 03DATESOURCEJOURNALASSETSOWNER'SEQUITYDOCUMENTLIABILITIESHEAD

Accounting equation of the business shows that total assets in the business should always be equal…

below Transactions of Lubanz's Garden Services for January 2020 Lubanzi Gumede deposited R200 000 into the bank account of the business the issued receipt number 001 According to cash register roll, a total of 16 000 was received for services rendened Bought equipment of R7000 and paid by cheque number 01 Purchased a business vehicle for 63 500 paid by cheque number 02 3. 10 21 28 Paid the manager S Ntuli, his salary of R 8000 with cheque 03 SOURCE DOCUMENT DATE OWNER'S EQUITY JOURNAL ASSETS LIABILITIES

below Transactions of Lubanz's Garden Services for January 2020 Lubanzi Gumede deposited R200 000 into the bank account of the business the issued receipt number 001 According to cash register roll, a total of 16 000 was received for services rendened Bought equipment of R7000 and paid by cheque number 01 Purchased a business vehicle for 63 500 paid by cheque number 02 3. 10 21 28 Paid the manager S Ntuli, his salary of R 8000 with cheque 03 SOURCE DOCUMENT DATE OWNER'S EQUITY JOURNAL ASSETS LIABILITIES

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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