Question 6 10 The following transactions were provided by TK Traders for the month February 2021. 1 The owner contributed N$120 000 by cheque to increase his capital contribution. 5 Goods were sold by cash, N$2 300. 9 TK Traders purchase equipment by cheque, N$12 000 Rent was paid by cash, N$3 000 13 Paid the telephone account by cash, N$1 110. TK Traders purchased goods on credit from Green Stores, NS4 700. Sold goods on credit to P. Ice, N$900. TK Traders borrowed N$10 000 from the bank, the money was deposited into the business bank account 27 Paid Green Stores N$2 400 by cheque. 28 Deposited N$1 000 cash into the bank account of the business. 16 21 25 Required: Show the effect of the given transactions on the accounting equation [20] Question 7 ABC Stores provided the following General Journal General Journalof ABC Stores for the month of March 2021 DATE DETAILS DEBIT CREDIT 1 Bank 150 000 Kapital 150 000 3 Cash 8 000 Sales 8 000 8 Insurance 1 200 Cash 1 200 11 Cash 5 000 Bank 5 000 Drawings 600 Purchases 600 16 Vehicle 25 000 Bank 25 000 18 Cash 6 500 Rent Received 6 500 28 S.Smile 3 200 Sales 3 200 31 Purchases 7 400 BB Traders 7 400 13 Required: (a) Post the accounts of the general journal to the general ledger. [18] TOTAL MARSKS: 100 Question 5 The following transactions took place at Toys Dealers in January 2021 Toys Dealers had the following balances at beginning of the month: Accounts receivable N$10 500 Accounts payables N$7 600 Toys Dealers purchased goods on credit amounting to N$4 100 during the month. Goods amounting to N$5 300 were sold by Toys Dealers during the month. Cash of N$6 250 was collected by Toys Dealers from the debtors during the month. Toys Dealers paid the creditors N$5 500 by cash during the month. Required: a) Use the transactions given to determine the balance of accounts payable of Toys Dealers at the end of the month. b) Use the transaction given to determine the balance of accounts receivable of Toys Dealers at the end of the month. (5) (5) [10]