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QUESTION FOUR [25] The following are miscellaneous transactions for Top Shoe Suppliers for March 2021: Date17131415TransactionDetailsTheownertookshoesfromthestockforpersonaluse,sellingpriceR239.40PaidtheSouthernMunicipalCouncilthebusinesswaterandelectricitybillbycheque,R342.00PaidtheIcon24hourprotectorthebusinesssecurityservicesbillbycash,R500.00Purchasedtradinginventory,costprice=R28500.00Cashsalesoftradinginventory,sellingprice=R855.00 NB: The business uses the perpetual inventory method with
QUESTION FOUR [25] The following are miscellaneous transactions for Top Shoe Suppliers for March 2021: Date17131415TransactionDetailsTheownertookshoesfromthestockforpersonaluse,sellingpriceR239.40PaidtheSouthernMunicipalCouncilthebusinesswaterandelectricitybillbycheque,R342.00PaidtheIcon24hourprotectorthebusinesssecurityservicesbillbycash,R500.00Purchasedtradinginventory,costprice=R28500.00Cashsalesoftradinginventory,sellingprice=R855.00 NB: The business uses the perpetual inventory method with a mark-up of 50%. Required: Using the example below, analyse the above transactions using the accounting equation and enter the name of the general ledger accounts which will be affected (lgnore Vat). Page 4 of 5 Example: Received a capital contribution of R 205000.00 in the form of cash
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