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Q . 2 . 3 Joshua Goniwe started a new welding business called World of Welding on 1 March 2 0 2 3 . He
Q Joshua Goniwe started a new welding business called World of Welding on March He uses the perpetual inventory system.
Joshua Goniwe has entered into the following transactions in March :
tableDateTransaction,Amount March,tableJoshua Goniwe invests from his own savingsinto the businessR Aarch,tableAlfred Goniwe Joshuas cousin gives a loan tothe businessR March,tableBought inventory comprising welding rods viaEFTR March,tableequipment and paid via EFTP March,tableProvided welding services to a customer torepair some of their gates. Received paymentvia EFT.RWithdrew funds from the bank account to pay,R
Required:
Calculate Joshua's equity in World of Welding as at March by showing the effect on the accounting equation and the accounts to debit and credit, of the above transactions.
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