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Process the above transactions through a table such as the one below. The transaction of 1March 2021above is used as an example. Record amounts without
Process the above transactions through a table such as the one below. The transaction of 1March 2021above is used as an example. Record amounts without brackets to indicate an increase; amounts in brackets to indicate a decrease; and 0 (a zero) for no effect.
10 Purchased a vehicle for business purposes from Fast Cars Ltd for R220 000. Paid a deposit equal to 20% of the purchases price by making an electronic finds payment (EFT). The balance will be paid in 36 monthly instalments of R6 320 beginning 4 June 2021. Date Mar. 1eg Example of the table required: Assets Equity Liabilities R R R 70 000 70 000 0 Account Debited Bank Account Credited Capital-AngleStep by Step Solution
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