QUESTION 3 (6 marks) A manager at Stalemate, a chess business retailing chess boards and providing chess lessons, requires help with interpreting some of the accounting transactions that took place during the month of September 2020. The manager has provided you with a list of those transactions below. Required: Underneath each transaction in the space provided, write a brief narration describing the economic event that corresponds to that transaction. (6 marks) Date Account titles (Details) Dr (5) C (5) 2/9/2020 Cash Accounts Receivable GST Collected Service Revenue 3,000 2,500 500 5,000 Answer here: 3/9/2020 Wages Payable Cash 6,500 Answer here: 6,500 15/9/2020 Chess boards GST Pald Accounts Payable Cash 10,000 1,000 5,000 5,100 Answer here: 30/9/2020 Accounts Payable Bank Loan 15,000 Answer here: 15,000 30/9/2020 Rent Expense Prepaid Rent 2.000 Answer here 2,000 30/9/2020 Unearned Revenue Service Revenue 10,000 Answer here 10,000 Page 4 of 11 ana QUESTION 3 (6 marks) A manager at Stalemate, a chess business retailing chess boards and providing chess lessons, requires help with interpreting some of the accounting transactions that took place during the month of September 2020. The manager has provided you with a list of those transactions below. Required: Underneath each transaction in the space provided, write a brief narration describing the economic event that corresponds to that transaction. (6 marks) Date Account titles (Details) Dr (5) C (5) 2/9/2020 Cash Accounts Receivable GST Collected Service Revenue 3,000 2,500 500 5,000 Answer here: 3/9/2020 Wages Payable Cash 6,500 Answer here: 6,500 15/9/2020 Chess boards GST Pald Accounts Payable Cash 10,000 1,000 5,000 5,100 Answer here: 30/9/2020 Accounts Payable Bank Loan 15,000 Answer here: 15,000 30/9/2020 Rent Expense Prepaid Rent 2.000 Answer here 2,000 30/9/2020 Unearned Revenue Service Revenue 10,000 Answer here 10,000 Page 4 of 11 ana