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Brian Boomplaas is starting a new consulting enterprise specialising in drought resistant plants and designing of gardens. This enterprise s official starting date was 1

Brian Boomplaas is starting a new consulting enterprise specialising in drought resistant plants
and designing of gardens. This enterprises official starting date was 1 March 2023
Transactions performed by Brian during March 2023:
1. Deposited R30000 in the bank account as starting capital.
3. Transferred his own equipment to the business. The value of this equipment is R25000
4. Withdrew R500 for petty cash
5. Paid rental on a small office, R7350
7. Delivered a design plan for a garden to Ms Akasia Maple. The contract is worth R35000, of
which Ms Maple has paid 25% in cash as deposit.
10. Bought Stationary for R540 on account from Paykro.
15. Received R15000 for consulting on a layout of a garden via EFT
20. Bought a new bakkie for R200000. Of the total purchase price, R20000 was paid in cash and
the remaining balance is being financed via a bank loan. The loan will be repaid over the next
three years with first payment starting in March.
24. Bought the following from Shopalot:
a. Printer R 2000
b. Three Office Chairs for R 4200 in total. Brian took one for personal use.
31. Received the outstanding amount from Ms Maple for services rendered (refer to day 5)
Required
Use the information provided above and indicate the effect the transactions would have on
the accounting equation. Use the following format in your answer:
(no need to include the affected account names in your answer)
15
Please use the following format in your answer.
Assets Equity Liabilities
NonCurrent
Assets
Current
Assets
Capital Drawings Income Expenses Noncurrent
Liabilities
Current
Liabilities

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