Only answer question 5

Question 1 Mr Ndlovu is the owner of the BB-Stores in Pretoria and had the following transactions in March. Mar 1: Mr Ndlovu invested in the business by depositing R30 000 cash 4: Bought inventory on credit R5 000 5: Purchased stationary by cheque R15 000 8: Withdrew money for his personal use R20 000 12: Paid the supplier R4 000 in settlement of account 13: Paid back R7 000 to Mr John suppliers 16: Sold goods on credit to Mrs Fred for 10 100 20: Paid rates and taxes in cash for R3 600 REQUIRED: 1. Identify the account names (e.g. cash refers to bank) in each transaction. 2. Identify the accounting elements (eg; bank is part of assets) for each transaction. 3. Identify an increase or decrease in each identified account (eg; bank became more) for every transaction. 4. Identify which account should be debited or credited (eg; bank became more, thus bank to be debited) for each transaction. 5. Record the transaction to the accounting equation table