Show the effect of the following transactions In the Accounting Equation by completing the below Transactions of Lubanzi's Garden Services for January 2020 1 Lubanzi Gumede deposited R200 000 into the bank account of the business the issued receipt number 001 According to cash register roll, a total of 16 000 was received for services rendered Bought equipment of R7000 and paid by cheque number 01 Purchased a business vehicle for 63 500 paid by cheque number 02 3 10 21 28 Paid the manager S Ntuli, his salary of R 8000 with cheque 03 ASSETS OWNER'S EQUITY DATE SOURCE JOURNAL LIABILITIES DOCUMENT
Show the effect of the following transactions In the Accounting Equation by completing the below Transactions of Lubanzi's Garden Services for January 2020 1 Lubanzi Gumede deposited R200 000 into the bank account of the business the issued receipt number 001 According to cash register roll, a total of 16 000 was received for services rendered Bought equipment of R7000 and paid by cheque number 01 Purchased a business vehicle for 63 500 paid by cheque number 02 3 10 21 28 Paid the manager S Ntuli, his salary of R 8000 with cheque 03 ASSETS OWNER'S EQUITY DATE SOURCE JOURNAL LIABILITIES DOCUMENT
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:7 NOUSTanh
Show the effect of the following transactions in the Accounting Equation by completing the
below
Transactions of Lubanzi's Garden Services for January 2020
Lubanzi Gumede deposited R200 000 into the bank account of the business the bucnes
issued receipt number 001
3
According to cash register roll, a total of 16 000 was received for services rendered
Bought equipment of R7000 and paid by cheque number 01
Purchased a business vehicle for 63 500 paid by cheque number 02
10
21
28
Paid the manager S Ntuli, his salary of R 8000 with cheque 03
JOURNAL
ASSETS
OWNER'S
EQUITY
DATE
SOURCE
LIABILITIES
DOCUMENT
DEPART
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