ed question The following transactions during February 2023 related to the business of B Baloyi, a dentist: Date 2023 Transactions Feb 1 B Baloyi deposited as opening capital Amount R 50 000 6000 2 B Baloyi transferred personal equipment to his firm 4 Paid rental for February 8000 6 Bought furniture on credit from J Jozi 12 000 8 Rendered services on credit to C Chauke 30 000 12 Made an EFT transfer to B Baloyi for private use. 1000 16 An EFT was made to J Jozi in part payment of their account. 5000 20 Rendered services for cash to K Khosa 7.000 27 Received payment from N Maluleke on his account 1300 Required Record the above transactions using a table as illustrated below: General ledger Date assets Equity Liability Dr Example +25 000 +25.000 0 Bank Cr Capital
ed question The following transactions during February 2023 related to the business of B Baloyi, a dentist: Date 2023 Transactions Feb 1 B Baloyi deposited as opening capital Amount R 50 000 6000 2 B Baloyi transferred personal equipment to his firm 4 Paid rental for February 8000 6 Bought furniture on credit from J Jozi 12 000 8 Rendered services on credit to C Chauke 30 000 12 Made an EFT transfer to B Baloyi for private use. 1000 16 An EFT was made to J Jozi in part payment of their account. 5000 20 Rendered services for cash to K Khosa 7.000 27 Received payment from N Maluleke on his account 1300 Required Record the above transactions using a table as illustrated below: General ledger Date assets Equity Liability Dr Example +25 000 +25.000 0 Bank Cr Capital
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5PA: Inner Resources Company started its business on April 1, 2019. The following transactions occurred...
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Question
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![ed
question
The following transactions during February 2023 related to the business of B Baloyi, a dentist:
Date
2023
Transactions
Feb 1 B Baloyi deposited as opening capital
Amount
R
50 000
6000
2
B Baloyi transferred personal equipment to his firm
4
Paid rental for February
8000
6
Bought furniture on credit from J Jozi
12 000
8
Rendered services on credit to C Chauke
30 000
12
Made an EFT transfer to B Baloyi for private use.
1000
16
An EFT was made to J Jozi in part payment of their account.
5000
20
Rendered services for cash to K Khosa
7.000
27
Received payment from N Maluleke on his account
1300
Required
Record the above transactions using a table as illustrated below:
General ledger
Date
assets
Equity
Liability
Dr
Example
+25 000
+25.000
0
Bank
Cr
Capital](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3bf55d69-adb3-4781-9dc4-7b95b7b7c299%2F88c2c744-0a49-4dba-9720-63b0f7b5c626%2F5e1mr6y_processed.jpeg&w=3840&q=75)
Transcribed Image Text:ed
question
The following transactions during February 2023 related to the business of B Baloyi, a dentist:
Date
2023
Transactions
Feb 1 B Baloyi deposited as opening capital
Amount
R
50 000
6000
2
B Baloyi transferred personal equipment to his firm
4
Paid rental for February
8000
6
Bought furniture on credit from J Jozi
12 000
8
Rendered services on credit to C Chauke
30 000
12
Made an EFT transfer to B Baloyi for private use.
1000
16
An EFT was made to J Jozi in part payment of their account.
5000
20
Rendered services for cash to K Khosa
7.000
27
Received payment from N Maluleke on his account
1300
Required
Record the above transactions using a table as illustrated below:
General ledger
Date
assets
Equity
Liability
Dr
Example
+25 000
+25.000
0
Bank
Cr
Capital
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