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Help please Tristan Traders trades in clothing. The business only started trading on 1 September 20,7, and by 1 October 20.7 , only the following

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Tristan Traders trades in clothing. The business only started trading on 1 September 20,7, and by 1 October 20.7 , only the following balances appeared in their books: The financial position on 1 October 20.7 could thus be shown as follows under the accounting equation: Tristan Traders entered into the following transactions during October 20.7 (ignore VAT): Day Details 1 The owner, Mr Tristan Davies, made another capital contribution of R 100000 to his business, by making an EFT in favour of his own business from his personal bank account. He also contributed a vehicle to the value of R 300000 . The business paid back R 5000 on the bank loan. Paid the bookkeeper's salary by EFT, R 9000 . Purchased trading goods on credit for R25000. Sold merchandise with a cost price of R2000 on credit for R 4500 . Rendered services to a client for R 10000 . The client paid R 4000 upfront, and will pay the balance off in six equal monthly instalments, starting on 1 November 20.7 (no interest will accrue to the client's account). 31 The owner took two pairs of shoes with a cost price of R 340 each from trading inventory for personal use. Required: (i) Calculate Mr Davies's equity in his business on 31 October 20.7, by showing the effect of each individual transaction on the accounting equation. (ii) Complete the basic double entries in their respective T-accounts

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