Example: Paid for repairs and maintenance amounting to R11 000 cash.

Date

Account Debited

Account Credited

Assets =

Equity +

Liabilities

e.g.

Repairs and maintenance

-R11 000

57

HFOA100-1-JAN-JUN2023-FA1-GT-V3-06022023

i. ii. iii.

b)

Bank -R11 000

ShowhowthefollowingtransactionsforFebruary2023willreflectintheledger accounts of Noble Traders.

Purchased motor vehicle on cash for R33 600.

Paid monthly wages amounting to R17 220cash.

Paid the monthly rent for R3 500 cash