and debit settlement discount granted acco QUESTION TWO [25] Peter Smart used to wash cars in the back yard of his home. He set up a car cleaning business and rented premises, hired 2 staff and moved personal equipment to his business premises where a small office was available. He kept very basic records, and after 3 months provided you with the following balances at 1 April 2022: Assets Account balances at 1 April 2022 R Bank balance Value: 23 000 + 41000 + 5200 23 000 Equipment A Consumables on hand A = 69200 41 000 5 200 Creditors value Liabilities = 3700 3700 +14000 +5600 + 14 000. Capital ?? The following transactions took place for the month of April 2022: No. 1. 2.. Peter transferred R20 000 from his personal savings into the business bank account. Transferred personal vehicle valued at R66 000 for business use. Paid rent for April 2022 by stop order arranged with the bank, R3 200. A 1 REGENT BUSINESS SCHOOL (RBS) - JANUARY 2022 23 23.000 48500 + 48 +5204 3700