QUESTION 1ElectronMaster is a repairer and seller of electronic equipment based in Cape Town. It is owned by Ms. Shabalala wha isalso the manager of the business. During November 2019 the following transactions were incurred:Date DescriptionR5 000 cash were received for repairs of electronic equipmentElectric equipment of worth R7 500 were sold to Mr Tshikavi for R10 000 cash.248.A customer paid R10 000 for equipment bought in the previous month.10Stationary bought on credit for R6 00015Sales made to customer for R10 000 cash with a cost price of R5 00020Rental paid for building cash R4 000Stationary bought on credit R8 000Salaries paid R10 000 cash2530REQUIRED:Prepare the general joumal entries for the month of November 2019.

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Description: QUESTION 1ElectronMaster is a repairer and seller of electronic equipment based in Cape Town. It is owned by Ms. Shabalala wha isalso the manager of the business. During November 2019 the following transactions were incurred:Date DescriptionR5 000 c

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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

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

Section: Chapter Questions

Problem 1Q

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