Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help in translating these transactions into ACCOUNTING EQUATION. i do not understand The following transactions occurred in October . Amount Late Description |R`)

image text in transcribed

I need help in translating these transactions into ACCOUNTING EQUATION. i do not understand

image text in transcribed
The following transactions occurred in October ." Amount Late Description |R`) Purchased fuel from Total to collect exercise balls from supplier . Paid via debit card BOO . ON Rent paid for club premises via EFT to Landlord Pty . 115010. 00 RECEIVED $ cash payments from\\ members* ` for their* monthly subscriptions . All money received was deposited in the bank account at the end of the day . 48 640. 00 Two rowing machines purchased from Everfast and paid via cheque . 27 1010. 00 Purchased stationary on credit from NAC 5010.00 Paid for maintenance done by Mr. Fix to some of the Equipment via CheQUE 540.00 10 Paid ECM for electricity via EFT . 2 600. 00 Branded water bottles for resale was purchased on credit . 13,000. 00 1 1 Made a donation to the local SPCA from petty cash . 1 000 . 00 12 Paid a plumber for repairs to the drainage system using Petty cash . 1 5010. 00 Complimentary refreshments purchased for new joiners from petty 15 cash box . 320.00 18 Paid for training on new fitness developments via EFT to TAN . 5. 460. 00 Paid the telephone bill from Telkom cash . 230.00 Paid an amount toward settlement of creditors . 1 1 780. 00 Paid a monthly Pastel Accounting license fee via EFT . 1 350. 00 Sold branded water bottles . 15 000 . 00 Paid from Petty cash for airtime . 30 Paid salaries via transfer LEFTY . 18 0.00 . 00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

11th Edition

111856667X, 978-1118566671

More Books

Students also viewed these Finance questions

Question

Why is AOA or AON of significant value to the project manager?

Answered: 1 week ago

Question

Describe the four tools commonly used in employee selection.

Answered: 1 week ago