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Q21 - Transactions - 15 marks (Suggested time: 12 minutes) Ebe is a business owerer who does not hye proper knowledge of accounting and has
Q21 - Transactions - 15 marks (Suggested time: 12 minutes) Ebe is a business owerer who does not hye proper knowledge of accounting and has asked you to record the foltowing transactions in a basic accounting format (Accounting Eqtation). A. Started her business by contributing cash $440,000 and Land $80,000 in exchange for share capital. B. Purchaspd merchandse $80,000. C. $13,000 recelved from a customer for service provided. D. Fales on account to Juni $23,000 E. Purchased furniture $9,900. F. Feceived cash trom tuni $14,000. Q. Paid wages $6,700, Aent $6,550 and Electricity Bail $2,500. H. Pald Pob $3,000 in swlary for work done during the menth. Note: DO NOT use commas or dollar signs in your answers (e.g. 2750, NOT \$2,750). 0O NOT use brackets fo denote negative values, use a minus sign (e.g100, NOT (100) )
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