QUESTION ONE

$[25]$

Moses, a qualified motor mechanic with $22$ years of experience, began his own business, Command Vehicle Repairs. On $1$ March $2023,$ Moses withdrew money from his Retirement Fund and deposited R$80000$ into a business bank account on $9$ March $2023.$ The following transactions for the month of June $2023$ need to be recorded as required below:

$\backslash$table$[[$Date$,$Transaction details$],[\backslash$table$[[2023],[$June$],[2]],\backslash$table$[[$A rental agreement for premises occupied on $1$ March $2023$ stipulated that the rent$],[$for the first three months was R$1000$ per month. Thereafter the rent increases to$],[$R$2000$ per month until $28$ February $2024.$ The June $2023$ rent was paid by a direct$],[$deposit into the Landlord's bank account.$]]],[3,\backslash$table$[[$Hired $2$ employees to assist with repairs, cleaning and administration. Each$],[$assistant will be paid at the rate of R$3500$ per month.$]]],[4,\backslash$table$[[$Moses brought in personal tools and equipment to be used in the business. The$],[$tools and equipment were valued at R$32000.]]],[5,$The electricity account for May $2023$ of R$2600$ was paid by cash.$],[8,$Purchased vehicle parts from Nut's Suppliers for R$5800$ on a $30$ day account.$],[11,$Deposited R$49000$ into the business bank account for services rendered.$],[16,\backslash$table$[[$Purchased Diagnostic equipment from MVE Suppliers for R$40000$ on credit. Paid a$],[$Deposit of R$10000.$ The balance will be paid in $6$ equal monthly instalments$],[$beginning on $1$ August $2023.]]],[20,$Moses withdrew R$9000$ from the business bank account for his own personal use.$],[25,$Paid salaries to the $2$ employees hired on $2$ June $2023.],[27,$Paid telephone account of R$1100$ for June $2023.],[29,\backslash$table$[[$Paid Nut's Suppliers for the parts purchased on $8$ June $2023.$ Received a$],[$settlement discount of $10\%$ for early payment. $($refer transaction $8$ June$).]]],[30,\backslash$table$[[$Deposited R$63000$ for services rendered to the value of R$70000.$ A $10\%$ discount$],[$was allowed for cash payments.$]]]]$

Required:

Record the above transactions for the month ended $30$ June $2023$ through a table such as the one illustrated below. Simultaneously show the financial impact of the transaction on the accounting equation and the effect of the same transaction on the relevant accounts. The table is sensitive to $+$ for increase and $-$ or $($brackets$)$ for decreases.

Illustration of a transaction recorded in the recommended format of the required table:

Example transaction:

$1$ June $2023$ Purchased a motor bike from Biker's Bargain for R$7000$ on credit.

$\backslash$table$[[$Date$,$Financial impact : Accounting equation,Effect: Ledger accounts,$],[$June$,$Assets,Equity,Liabilities,Account debited,Account credited$],[1,+7000,0,+7000,$Motor vehicles,Creditor: $B$ B$],[,,,,,]]$