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1.2 Masilela Traders had, amongst others, the following five transactions during May 2021: NB: Masilela uses the periodic inventory system. No 1 2 2 Transaction

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1.2 Masilela Traders had, amongst others, the following five transactions during May 2021: NB: Masilela uses the periodic inventory system. No 1 2 2 Transaction The owner brought his personal equipment valued at R40 000 into the business Sold goods to K Chetty for R15 000 on credit. Paid R6 800 from the business bank account for medical expenses incurred by the owner's wife. Masilela has an account with a balance of R5 000 with Trade Suppliers which is 7 months overdue at 30 April 2021. Paid interest which is charged at 12% 3 3 per year. 5 5 Masilela donated goods valued at R3 000 to the local community centre. Required: Process the above transactions through an accounting table such as the one below: (10) Example of accounting table to be used: No Assets Equity Liability Account Account R R R Debited Credited 0 +1 000 +1 000 0 Bank Sales *Use + for increase in value and - or (brackets) for decrease in value

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