Safari File Edit View History Bookmarks Window HelpuLink - Student...W1.2.uLink - Student...3.4.learn-eu-central-1-prod-fleet01-xythos.content.blackboardcdn.comuLink - Student...21 445Entity A enters into the following transactions. You are required to show the impact of the transactionsbelow on the accounting equation.eContent9Bb https://learn-eu-...Entity A purchased 1 000 bags of cement from K Ltd on credit. K Ltd normally sells a bag for R45.Entity A received a 10% discount for the 1 000 bags.Entity A returned 150 bags of cement, as they were defective. On the same day, the outstandingbalance was settled through an online payment. This transaction did not affect the discountoffered to Entity A.Select the correct values from the dropdown menus in the table provided in the Blackboard activity.MAR7In an attempt to assist the business, the owner of Entity A deposited R100 000 into the entity'sbank account. A quarter of the amount is payable to the owner and the rest is not.A client of Entity A who currently owes the company R23 000, purchased bricks to the value ofR45 000 and paid R35 000 to reduce his outstanding balance. Entity A purchased the bricks forR18 000.DBegin: Unit 1 Acti...tv→6-RO*b Home | bartlebyXCanva+★ Questions+1+to+...cricutTue 07 Mar 13:10Cricut DesignSpace InstallĆCricut DesignSpace InstallCricut DesignSpace InstallCricut DesignSpace InstallGoogle Chrome

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Description: Safari File Edit View History Bookmarks Window HelpuLink - Student...W1.2.uLink - Student...3.4.learn-eu-central-1-prod-fleet01-xythos.content.blackboardcdn.comuLink - Student...21 445Entity A enters into the following transactions. You are required

Accounting Equation The connection between a company's assets, liabilities, and equity is expressed…

Business

Accounting

ntity A enters into the following transactions. You are required to show the impact of the transactions elow on the accounting equation. In an attempt to assist the business, the owner of Entity A deposited R100 000 into the entity's bank account. A quarter of the amount is payable to the owner and the rest is not. A client of Entity A who currently owes the company R23 000, purchased bricks to the value of R45 000 and paid R35 000 to reduce his outstanding balance. Entity A purchased the bricks for R18 000. Entity A purchased 1 000 bags of cement from K Ltd on credit. K Ltd normally sells a bag for R45. Entity A received a 10% discount for the 1 000 bags. Entity A returned 150 bags of cement, as they were defective. On the same day, the outstanding balance was settled through an online payment. This transaction did not affect the discount offered to Entity A.

ntity A enters into the following transactions. You are required to show the impact of the transactions elow on the accounting equation. In an attempt to assist the business, the owner of Entity A deposited R100 000 into the entity's bank account. A quarter of the amount is payable to the owner and the rest is not. A client of Entity A who currently owes the company R23 000, purchased bricks to the value of R45 000 and paid R35 000 to reduce his outstanding balance. Entity A purchased the bricks for R18 000. Entity A purchased 1 000 bags of cement from K Ltd on credit. K Ltd normally sells a bag for R45. Entity A received a 10% discount for the 1 000 bags. Entity A returned 150 bags of cement, as they were defective. On the same day, the outstanding balance was settled through an online payment. This transaction did not affect the discount offered to Entity A.

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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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Safari File Edit View History Bookmarks Window Help
uLink - Student...
W
1.
2.
uLink - Student...
3.
4.
learn-eu-central-1-prod-fleet01-xythos.content.blackboardcdn.com
uLink - Student...
21 445
Entity A enters into the following transactions. You are required to show the impact of the transactions
below on the accounting equation.
e
Content
9
Bb https://learn-eu-...
Entity A purchased 1 000 bags of cement from K Ltd on credit. K Ltd normally sells a bag for R45.
Entity A received a 10% discount for the 1 000 bags.
Entity A returned 150 bags of cement, as they were defective. On the same day, the outstanding
balance was settled through an online payment. This transaction did not affect the discount
offered to Entity A.
Select the correct values from the dropdown menus in the table provided in the Blackboard activity.
MAR
7
In an attempt to assist the business, the owner of Entity A deposited R100 000 into the entity's
bank account. A quarter of the amount is payable to the owner and the rest is not.
A client of Entity A who currently owes the company R23 000, purchased bricks to the value of
R45 000 and paid R35 000 to reduce his outstanding balance. Entity A purchased the bricks for
R18 000.
D
Begin: Unit 1 Acti...
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*
b Home | bartleby
X
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+
★ Questions+1+to+...
cricut
Tue 07 Mar 13:10
Cricut Design
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Ć
Cricut Design
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