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practice and compare if the answer you get from Chegg is the same as yours if they are the same well done you are getting

practice and compare if the answer you get from Chegg is the same as yours if they are the same well done you are getting ready for the exams

REQUIRED Show the effect of the following transactions of Algoa Stores on the Accounting equation. Use "+" to denote an increase, "-" to denote a decrease and "0" to denote no change to the elements of the equation. Follow the example given. Assume that the bank balance is always favourable. Example: Paid for electricity by means of an electronic funds transfer (EFT), R800 2.1.1 2.1.2 2.1.3 2.1.4 2.1.5 TRANSACTIONS 2.2 No. e.g. G M Assets -R800 Equity -R800 + Liabilities 0 (5 marks) REQUIRED Use the information provided below to post to the following accounts in the general ledger. Balance or close off the accounts. 2.2.1 Vehicles 2.2.2 Accumulated depreciation on vehicles 2.2.3 Fixed asset realisation Purchased a printer on credit, R10 000. Received R2 000 cash from a debtor in part settlement of her account of R4 500. The proprietor deposited cash to increase her capital contribution from R70 000 to R100 000. Made a payment to a creditor in part settlement of account, R4 000. Received rent of R3 000 from the tenant. INFORMATION On 01 March 2022, the beginning of the financial year, the following balances (amongst others) appeared in the general ledger of Ascot Traders: Vehicles Accumulated depreciation on vehicles (4 marks) (6 marks) (5 marks) R900 000 R380 000 A motor vehicle that cost R200 000 was sold for R52 000 cash on 31 August 2022. The accumulated depreciation on the vehicle amounted to R120 000 on 01 March 2022. Depreciation is calculated at 20% per annum using the fixed instalment method. On 01 September 2022 a new vehicle was purchased for R300 000 cash to replace the vehicle that was sold. Provide for depreciation on vehicles for the year ended 28 February 2023.

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