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Date 2017 Jan 3 4 5 Bought a typewriter for cash from Leo Limited 6 Provided services for cash QUESTION TWO The following transactions
Date 2017 Jan 3 4 5 Bought a typewriter for cash from Leo Limited 6 Provided services for cash QUESTION TWO The following transactions during January 2017 relate to F Freddy, an attorney. Transactions F Freddy deposited as opening capital Paid rent for January 2017 Bought law library on credit from Book Limited Amount R 20 000 2 300 24 000 1700 7 200 9 Debited D Dunn with fees for services rendered 8 318 10 Leo Limited repaired equipment on credit 13 F Freddy drew a cheque for private use 18 29 (i) Salaries (ii) F Freddy received commission on a property transaction Paid the following by cheque Leo Limited (on account) 100 1234 1350 8 350 100 30 Received payment from D Dunn on his account 1 500 (30 MARKS) REQUIRED: Record the transactions for F Freddy in the Accounting Equation. Structure your answer as the table provided below (indicate the decrease by minus sign (-) and the increase by plus sign (+)): ASSETS = EQUITY LIABILITIES Date: Library and Debtors Bank. Capital Income/ Expenditure Creditors. Total Equipment
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