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f Question 2: Show the effect of the following transactions of May 2021 on the accounting equation: 2 6 11 The owner, Ms. Rose Petals, contributed R80 000 as capital contribution. Issued receipt no. 57. According to the cash register roll, the business received R5 300 for services rendered. Cashed a cheque (Cheque 03) to pay the wages of her 2 workers. They each earn R1000 per week. 30 Paid Mogale City for the water and electricity, R2 000 per cheque. Day Assets Owner's Equity + Liabilities Effect Reason Effect Reason Effect Reason (14)

f Question 2: Show the effect of the following transactions of May 2021 on the accounting equation: 2 6 11 The owner, Ms. Rose Petals, contributed R80 000 as capital contribution. Issued receipt no. 57. According to the cash register roll, the business received R5 300 for services rendered. Cashed a cheque (Cheque 03) to pay the wages of her 2 workers. They each earn R1000 per week. 30 Paid Mogale City for the water and electricity, R2 000 per cheque. Day Assets Owner's Equity + Liabilities Effect Reason Effect Reason Effect Reason (14)

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: The Basic Tools Of Finance
Section: Chapter Questions
Problem 3CQQ
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f Question 2: Show the effect of the following transactions of May 2021 on the accounting equation: 2 6 11 The owner, Ms. Rose Petals, contributed R80 000 as capital contribution. Issued receipt no. 57. According to the cash register roll, the business received R5 300 for services rendered. Cashed a cheque (Cheque 03) to pay the wages of her 2 workers. They each earn R1000 per week. 30 Paid Mogale City for the water and electricity, R2 000 per cheque. Day Assets Owner's Equity + Liabilities Effect Reason Effect Reason Effect Reason (14)
Transcribed Image Text:f Question 2: Show the effect of the following transactions of May 2021 on the accounting equation: 2 6 11 The owner, Ms. Rose Petals, contributed R80 000 as capital contribution. Issued receipt no. 57. According to the cash register roll, the business received R5 300 for services rendered. Cashed a cheque (Cheque 03) to pay the wages of her 2 workers. They each earn R1000 per week. 30 Paid Mogale City for the water and electricity, R2 000 per cheque. Day Assets Owner's Equity + Liabilities Effect Reason Effect Reason Effect Reason (14)
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