QUESTION ONE

$(10$ MARKS$)$

The following information relates to Daiken Services, a business that repairs and services air conditioners. Analyse the following transactions and reflect the effect on the accounting equation.

$1$ The owner, Mr Smith deposited R$100000$ as his capital contribution into the business bank account

$2$ Received cash of R$3200$ for services provided to a client

$3$ Paid monthly rates account via EFT, R$1000$

$4$ Provided services on credit to debtor, A Small, R$4200.$

$5$ Purchased delivery vehicle on credit from Belville Toyota, R$120000$

$6$ Paid water and electricity account via EFT, R$2200$

$7$ Received monthly rental from tenant via EFT, R$3000$

$8$ Purchased stationery on credit from supplier, R$1800.$

$9$ The owner withdrew cash of R$5000$ from the business bank account for his personal use

$10$ Purchased equipment for the business and paid cash, R$2200$

Use the following format to present your answers:

$\backslash$table$[[$No$,$ASSETS,$=,$OWNERS EQUITY,$+,$LIABILITIES$],[1,,,,,]]$