ACCOUNTING

QUESTION ONE [20] Show how the below transactions affect the nancial position of the business as represented by A = E + L. You need to clearly indicate whether the element has increased or decreased and provide the relevant amount and account that would be affected. E3. The business pays R3 333 per month for the rental of some business premises. All rentals were paid tn cash during the year. mEI 4'5 333 Bank -T5 333 Rent Expense 3 333 x 12 Please use format of table above for the below transactions The following transactions occurred in the business during the year ended 31 December 21121]: 1. The owner deposited R1 [15 til-W cash into the business*s bank account on 1 January 2320. 3. The business bought R453 333 worth of inventory from various supptiers during the year. 33% of these purchases were on credit and the remaining 213% were paid for in cash. 3. During the year the business paid R96 9111] cash in operating costs. These costs related to goods and services that had all been used during the year. 4. The employees earned R134 -- in sataries and wages during the year. These were paid in cash by the end of the year. 5. During the year the business paid creditors R431] 0W. 6. The business received R1 [110 Bill) in payments from debtors during the year. T. The business made cash sales of R413 41.13 and credit sales of R35? Bill} during the year.