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Jestion 1 Marks: 15) (12) 1.1 Corona Traders incurred the following transactions in March 2020. Date Details 2 The owner Mr. Wuhan transferred R30 000
Jestion 1 Marks: 15) (12) 1.1 Corona Traders incurred the following transactions in March 2020. Date Details 2 The owner Mr. Wuhan transferred R30 000 directly into the bank account as an additional capital contribution. 3 Bought new office furniture worth R12 000 on credit from Stay Safe Dealers 10 Paid R500 via EFT towards an electronic advertisement that will be reflected on social media. Settled the amount owed to Stay-Safe dealers for the new office furniture via EFT. 28 Required: Analyse the transactions into the accounting equation by completing the table below. Clearly indicate whether the applicable element of the accounting equation will increase or decrease. For example: Paid the telephone account via cheque for R300. Day Assets Owners equity + Liabilities Ex. -R300 Bank -R300 Telephone 1.2 On which side (debit/credit) will the following accounts decrease. Q.1.2.1 Sales (1) Q.1.2.2 Vehicles Q.1.2.3 Salaries (1) e independent Institute of Education Pty) Lid 2020 Page 3 of 1
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