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Question 2 The following transactions were extracted from the records of Bhamjee Electricians for the month of February 2021. Date Account to be debited in
Question 2 The following transactions were extracted from the records of Bhamjee Electricians for the month of February 2021. Date Account to be debited in the General Ledger Effect on the BAL (Basic Accounting (quation Account to be credited in the General Ledger A (Assets EfEquity L (Liabilities L[Liabilities) Example: 15 February 2021 Joe Biden, the owner of the business donated cash to the child welfare, 800 Date Account to be debited Account to be credited A (Assets) Equity in the General Ledger in the General Ledger 15 February 2021 Donation 800 Bank 800 NB. 1. The columns in respect of the basic equation must not be totaled. 2. Each amount must be prepared by a plus sign (+) for an increase and a minus sign (-) fora decrease 3. Align each amount clearly to an account name (see the dots in the above example, but do notwrite the dots, just align the information as requested). Again, do not draw the above table for each and every transaction, draw it once for the 15 answer, and insert rows below. 4. Show all calculations 5. Ignore Vat Date Feb1 R 650 000 6 000 5 11 2500 17 200 21 1 200 Transactions The owner increased his Capital contribution from 500 000 to Obtained a loan from African bank, The owner drew money to buy a laptop for his wife Issued a cheque for an advertisement in a local newspaper, Paid telephone account by cheque, Received a cheque from B Triparty for services rendered, Paid salaries by cheque, The water and electricity account was paid with cheque no. 101 Issued a cheque to African bank as a repayment on the loan, As an additional capital contribution, Mr Bhamjee transferred his motor vehicle to the business, 23 25 5 000 2000 4000 1 500 25 27 28 9 000
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