Mr T Moleleng runs a small gardening service business, Evergreen. The entity is not registered as a VAT vendor and maintained a favourable bank balance. The following transactions by Evergreen took place during February $2024$:

$1$

Purchased stationery for use in the office from Sebaeng Stationers, on credit, R$2350.$

$2$

Paid Evergreen$$s monthly water and electricity of R$3400$ with an electronic funds transfer.

$3$

Received a direct deposit of R$4300$ for landscaping services rendered.

$4$

A debit order of R$1200$ for insurance appears on the bank statement

$5$

Received R$2500$ from Mrs Khoza in settlement of her account.

$6$

The owner paid Evergreen$$s telephone account of R$1250$ with an electronic funds transfer from his personal bank account.

$7$

An entry for interest received of R$273$ appears on the bank statement of Evergreen.

Required:

Prepare a table in the format below. Analyse the above transactions by indicating what account must be debited and what account must be credited in the general ledger. Also indicate the effect of each transaction on the accounting equation by using no sign to indicate an increase and a $"-"$ sign to indicate a decrease.

Instructions:

$1.$ Use a full stop to indicate any decimals $($eg: $1000\mathrm{.}01)$

$2.$ Round off to the second decimal after the full stop $($eg: $50\mathrm{.}56)$

$3.$ A decrease in an amount must be indicated by using a negative sign in front of the amount $($eg: $-1000\mathrm{.}01)$

$4.$ An increase must be indicated by the amount without any sign $($eg: $1000\mathrm{.}01)$

$5.$ Do not enter the $"$R$"$ sign for rand, only enter the amount $($eg$.1000\mathrm{.}01)$

$6.$ If a transaction has been provided and it is not applicable to an element $($assets or equity or liabilities$),$ then please put a $0$ in the amount column of that element $($assets or equity or liabilities$)$

$7.$ If a transaction increases and decreases an element $($assets or equity or liabilities$),$ then please show the net effect in the amount column of that element $($assets or equity or liabilities$)$

Transaction number

Assets

Equity

Liabilities

R

R

R

$1$

Answer

Answer

Answer

$2$

Answer

Answer

Answer

$3$

Answer

Answer

Answer

$4$

Answer

Answer

Answer

$5$

Answer

Answer

Answer

$6$

Answer

Answer

Answer

$7$

Answer

Answer

Answer