MrTBlackrunsasmalstationerybusines,BonkeTraders.Theentityisnotregistered asaVATvendorandusesaperpetualinventorysystem. Thebusinessmaintainsa constantmark-upof30%oncostprice.ThefolowingtransactionsbyBonkeTraderstok placeduringMarch202.

MARCH2022

TRANSACTIONS:

4 PurchasedstationeryforresalefromLargeWholesalersoncredit,R8000les5% tradediscount.

6 Cashsalesofstationery,R2040.

7 BonkeTradersobtainedaloanofR17000fromNNTBanktorenovatetheshop. 8 ReceivedR3200fromourtenantforthemonthlyrent.

10 MrBeny,theowner,contributedavehiclecostingR55000tothebusines.

15 MrBennytokgoodsforhisownpersonaluse,selingpriceisR910.

18 PaidtheCityCouncilforwaterandelectricitybyEFT,R30.

20 GoodstothevalueofR550weresoldoncredittoFerguson(Pty)Ltd.

21 lsuedacreditnotetoFerguson(Pty)Ltdfortwoitemsreturned,R100.

22 PaidR1500toNNTBankaspartpaymentoftheloanobtainedonthe7th.

25 BonkeTradersreturnedbacksomestationerypurchasedfromLargeWholesalers, R30.

28 Received R400 from Ferguson (Pty) Ltd infulsetlement oftheiracount. (Transaction20and21)

Youarerequiredto:

Indicatetheefectofeachtransactionontheacountingequation(clearlyindicatingthe increaseorthedecrease).Usetheformatprovidedbelow.IgnoreVAT.Roundof alamountstothenearestRand.

Example:Paidsalariesforthemonth,R18000

Date Account Account Assets Owners Liabilities Debited Credited Equity

Eg. Salaries Bank -18000 -18000