Illustration of a transaction recorded in the recommended format of the required table:

Example transaction:

$1$ June $2023$ Purchased a motor bike from Biker's Bargain for R$7000$ on credit.

$\backslash$table$[[$Date$,$Financial impact : Accounting equation,Effect: Ledger accounts,$],[$June$,$Assets,Equity,Liabilities,Account debited,Account credited$],[1,+7000,0,+7000,$Motor vehicles,Creditor: $B$ B$],[,,,,,]]$

QUESTION TWO

$[25]$

Eric Ngidi the sole proprietor of a general dealer, Welcome Traders, provided you with the following relevant accounting records for the financial year ended $28$ February $2023.$

$\backslash$table$[[$Pre$-$adjustment trial balance at $28$ February $2023,$Debit $-$ R$,$Credit $-$ R$],[$Land and buildings at cost$,600000,],[$Equipment at cost$,135000,],[$Accumulated depreciation: equipment,,$33000],[$Fixed deposit: Bold Bank $(12\%$ per year$),60000,],[$Accounts receivable $($Debtors$),51630,],[$Allowance for credit losses,,$2850],[$Inventory: merchandise $($Trade goods$),105330,],[$Bank$,20220,],[$Capital: Ngidi,,$593550],[$Drawings$,130500,],[$Long term borrowing: Rabada Finance $(16\%$ per year$),,60000],[$Accounts payable $($Creditors$),,74400],[$Sales$,,844500],[$Cost of sales,$422400,],[$Consumable expenses,$2400,],[$Sales returns,$3700,],[$Settlement discounts granted,$2300,],[$Salaries and wages,$93510,],[$Advertising$,4800,],[$Electricity and water,$18810,],[$Rates and Taxes,$24600,],[$Insurance$,5850,],[$Interest on long term borrowing,$11250,],[$Interest on fixed deposit,,$4800],[$Rent income,,$79200],[1692300,1692300]]$