Fun Runners (Pty) Ltd incurred the following transactions during April 2022: 1. Mr. Nike increased his capital contribution with R50 000. 2. Stock to the value of R34 000 was purchased using the perpetual inventory system. 3. Sell goods of R14 500 to Mrs. Fast on credit. The cost of the goods amounts to R10 000. 4. Settle the telephone account, received last week, of R1 400. 5. New takkies of R2 300 were sold to the primary school at cost. The school does not have a credit facility with Fun Runners (Pty) Ltd. 6. Mr. Nike purchased a new delivery vehicle of R150 000 through bank financing with Pacing Bank Required: Record the transactions incurred by Fun Runners (Pty) Ltd, outlining the basic accounting equation and the general ledger accounts affected.
Fun Runners (Pty) Ltd incurred the following transactions during April 2022:
1. Mr. Nike increased his capital contribution with R50 000.
2. Stock to the value of R34 000 was purchased using the perpetual inventory system.
3. Sell goods of R14 500 to Mrs. Fast on credit. The cost of the goods amounts to R10 000.
4. Settle the telephone
5. New takkies of R2 300 were sold to the primary school at cost. The school does not have a
credit facility with Fun Runners (Pty) Ltd.
6. Mr. Nike purchased a new delivery vehicle of R150 000 through bank financing with Pacing
Bank
Required:
Record the transactions incurred by Fun Runners (Pty) Ltd, outlining the basic
and the general ledger accounts affected.
Detailed in the following format:
a + to indicate an increase; and – for a decrease on the accounts
| No | Assets | Equity | Liability | Account debited | Account Credited |
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