Exercise 3.3 Molefe Accountants had the following transactions: account A computer was purchased for R5 000 for the entity and paid for by an EFT (3) Purchased a vehicle for R50 000 on credit from XYZ Motors. (4) Rendered a service to P Mouton and received R1 000 that was + dubte cr account of the entity. (5) Paid the rental for the premises per EFT, R4 500 (6) Paid R2 000 off on the outstanding debt on the vehicle purchased. (7) The owner paid for his own flat rental with an EFT of the entity for R3-000, The owner, Mr Molefe, contributed a further capital amount of R10 000. Mr Molefe borrowed R10 000 from his father to improve the entity's cash flo (9) CASSE (10) Paid 12% per annum interest (calculate for one month) per EFT on th debt in respect of the vehicle. (12) Received R9 000 for accounting services rendered and deposited the r (11) Paid a further R2 000 per EFT on the vehicle purchased. Sontents mone + Asses bank account of the entity. (1) (2) ECR The owner, Mr Molefe, deposited R100 000 capital in the bank a in semes arning outco The pu explair tions c Afte deposited in de Euly 1 2 Required (a) Show the effect of the transactions on the accounting equation in the records of Accountants and verify your answer by balancing the equation. (b) Prepare the ledger accounts for the effect of the transactions in the records of Accountants. pers bant A 3 0000 Overview Transac Capturi 4.3.1 V 4.3.2 D 4.3.3 4.3.4

Exercise 3.3 Molefe Accountants had the following transactions: (1) The owner, Mr Molefe, deposited R100 000 capital in the bank accoun (2) A computer was purchased for R5 000 for the entity and paid for by an (3) Purchased a vehicle for R50 000 on credit from XYZ Motors. (4) Rendered a servlce to P Mouton and received R1 000 that was deposited account of the entity. (5) Paid the rental for the premises per EFT, R4 500 . (6) Paid R2 000 off on the outstanding debt on the vehicle purchased. (7) The owner paid for his own flat rental with an EFT of the entity for R3 000 (8) The owner, Mr Molefe, contributed a further capital amount of R10000, (9) Mr Molefe borrowed R10 000 from his father to improve the entity's casha. (10) Paid 12% per annum interest (calculate for one month) per EFT on the debt in respect of the vehicle. (11) Paid a further R2 000 per EFT on the vehicle purchased. (12) Received R9000 for accounting services rendered and deposited the mobank account of the entity. Required (a) Show the effect of the transactions on the accounting equation in the record Accountants and verify your answer by balancing the equation. (b) Prepare the ledger accounts for the effect of the transactions in the record Accountants. Exercise 3.3 Molefe Accountants had the following transactions: (1) The owner, Mr Molefe, deposited R100 000 capital in the bank accoun (2) A computer was purchased for R5 000 for the entity and paid for by an (3) Purchased a vehicle for R50 000 on credit from XYZ Motors. (4) Rendered a servlce to P Mouton and received R1 000 that was deposited account of the entity. (5) Paid the rental for the premises per EFT, R4 500 . (6) Paid R2 000 off on the outstanding debt on the vehicle purchased. (7) The owner paid for his own flat rental with an EFT of the entity for R3 000 (8) The owner, Mr Molefe, contributed a further capital amount of R10000, (9) Mr Molefe borrowed R10 000 from his father to improve the entity's casha. (10) Paid 12% per annum interest (calculate for one month) per EFT on the debt in respect of the vehicle. (11) Paid a further R2 000 per EFT on the vehicle purchased. (12) Received R9000 for accounting services rendered and deposited the mobank account of the entity. Required (a) Show the effect of the transactions on the accounting equation in the record Accountants and verify your answer by balancing the equation. (b) Prepare the ledger accounts for the effect of the transactions in the record Accountants