ElectronMaster is a repairer and seller of electronic equipment based in Cape Town. It is owned by Ms. Shabalala who is also the manager of the business. During November 2019 the following transactions were incurred: Description R5 000 cash were received for repairs of electronic equipment Electric equipment of worth R7 500 were sold to Mr Tshikavi for R10 000 cash. Date 2 4 A customer paid R10 000 for equipment bought in the previous month. Stationary bought on credit for R6 000 Sales made to customer for R10 000 cash with a cost price of R5 000 Rental paid for building cash R4 000 Stationary bought on credit R8 000 Salaries paid R10 000 cash 10 15 20 25 30 REQUIRED: Prepare the general joumal entries for the month of November 2019. o 2 2 s s ls

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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QUESTION 1
ElectronMaster is a repairer and seller of electronic equipment based in Cape Town. It is owned by Ms. Shabalala wha is
also the manager of the business. During November 2019 the following transactions were incurred:
Date Description
R5 000 cash were received for repairs of electronic equipment
Electric equipment of worth R7 500 were sold to Mr Tshikavi for R10 000 cash.
2
4
8.
A customer paid R10 000 for equipment bought in the previous month.
10
Stationary bought on credit for R6 000
15
Sales made to customer for R10 000 cash with a cost price of R5 000
20
Rental paid for building cash R4 000
Stationary bought on credit R8 000
Salaries paid R10 000 cash
25
30
REQUIRED:
Prepare the general joumal entries for the month of November 2019.
Transcribed Image Text:QUESTION 1 ElectronMaster is a repairer and seller of electronic equipment based in Cape Town. It is owned by Ms. Shabalala wha is also the manager of the business. During November 2019 the following transactions were incurred: Date Description R5 000 cash were received for repairs of electronic equipment Electric equipment of worth R7 500 were sold to Mr Tshikavi for R10 000 cash. 2 4 8. A customer paid R10 000 for equipment bought in the previous month. 10 Stationary bought on credit for R6 000 15 Sales made to customer for R10 000 cash with a cost price of R5 000 20 Rental paid for building cash R4 000 Stationary bought on credit R8 000 Salaries paid R10 000 cash 25 30 REQUIRED: Prepare the general joumal entries for the month of November 2019.
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