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1. A loan was taken out with DLY Bank amounting to R80 000. Interest will be charged at 10 per annum. 5. The owner purchased

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1. A loan was taken out with DLY Bank amounting to R80 000. Interest will be charged at \10 per annum. 5. The owner purchased supplies on behalf of the business costing R800. 7. Purchased stationery for cash amounting to R620. 12. Paid for an annual advertising contract with the Cape Times, starting 01 March 2016, at a total cost of R12 000. 17. Rendered services on credit to \\( C \\). Johnson, R3 000 . 21. The telephone account was received, R950 for the business and R400 for the owner's home. Both amounts were paid from the business bank account. 22. Rendered services for cash, R15 700. 25. Received the full amount owing from C. Johnson. 26. Received the rates account R900, and paid it immediately. 29. The owner took stationery home for personal use amounting to R750. 30. Made a payment for interest on the loan 31. Performed a stock count and the following was noted: - Stationery used R1900 - Supplies used R5 100 You are required to: a) Prepare the accounting equation for the above transactions. And prove the equation. b) Prepare the Financial Statements of Trump Traders for the month ended 31 March 2016

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