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9. The company Mobile-a-go-go plc started on 1 January 2021 with an initial invested capital of 50,000. The following transactions occur in the month of
9. The company Mobile-a-go-go plc started on 1 January 2021 with an initial invested capital of 50,000. The following transactions occur in the month of January as follows: 3 . . 3 January - bought inventories costing 8,000 on credit 5 January sold inventories costing 3,000 for 6,000 on credit 12 January received 3,000 cash from trade receivable 15 January - purchased an office desk for 500 cash 27 January paid wages by checks for the month of January totaling 10,000 . . i. As of 1 January 2021, what is the amount in the equity account? Is it an increase or a decrease? (5 marks) ii. What would be the ending balance for Mobile-a-go-go's inventory account as of 5 January? Is it an increase or a decrease? (5 marks) iii. The ending balance for Mobile-a-go-go's trade receivable account as of 12 ary should be? Is it an increase or a decrease? (5 marks) iv. The ending balance for Mobile-a-go-go's office furniture account as of 15 January should be? Is it an increase or a decrease? (5 marks) V. What would be the ending balance for Mobile-a-go-go's cash account as of 27 January? Is it an increase or a decrease
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