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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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