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Assessment 1 - ACCOAA1 - Accounting A QUESTION 2 (28 MARKS) Mr Sparky, the owner of Resistance Electrical Services, concluded the following transactions during June
Assessment 1 - ACCOAA1 - Accounting A QUESTION 2 (28 MARKS) Mr Sparky, the owner of Resistance Electrical Services, concluded the following transactions during June 2020: 1. Purchased a delivery vehicle from McCarthy for R200 000. The business incurred a loan from ABSA Bank to make this acquisition. 3. You filled the new delivery vehicle with fuel for R1 000 on account at Kaltex. 8. Electrical repairs done for Mr Drip at Taps Plumbers for cash, R2 500. 14. Received payment of R900 from Mrs Brick for an electrical service that was performed in May 2020. 21. Purchased an invoice book and stapler from Macro for cash, R180. 22. Received the data usage and telephone account from Vumatel for the month, R3 600. w Paid employees' salaries for the month, R15 500. 27. REQUIRED: Prepare the journal entries for Resistance Electrical Services to recognise the abovementioned transactions that took place during June 2020. (28) Please note: You are not required to provide journal narrations
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