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EN - US ( 3 0 Marks ) ACCOUNTING EQUATION ( VAT Ignored ) QUESTION 2 Amber PPE is a small South African business that

EN-US(30 Marks) ACCOUNTING EQUATION (VAT Ignored) QUESTION 2 Amber PPE is a small South African business that specializes in selling and installation of Covid-19 protective gear. Date 1578101113141618 Required (i) Details of transaction 20 The owner Mr. M Willie, contributed cash to the business Received service income for the month in cash The business paid for the director golf club subscriptions Our debtor, Ms. P Khumalo, settled her account in full A computer was bought on credit for use by the receptionist Received rent, for part of the business premises sub-let to a barber Paid salaries and wages for the month Bought staff refreshments for the week using petty cash Paid rent for the month Paid for water and electricity for the month (ii) Example: Question Paid for telephone and internet costs of R 2300 on the 20th Example: Solution Date Assets -2300 Cr Bank = Owners Equity -2300 Dr Telephone and Internet + Liabilities Amount (R)095000054006300 Show clearly how the

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