QUESTION ONE

Makhanda motor repair had the following transactions:

$1\mathrm{.}1.$ Services rendered to customers on credit, R$10000.$

$1\mathrm{.}2.$ Purchased cleaning materials from DH Chemicals and paid by cheque, R$1000.$

$1\mathrm{.}3.$ Received rent from a tenant, $R4000.$

$1\mathrm{.}4.$ Settled the account of creditor, OP Cash and Carry and paid by cheque, R$6000.$

$1\mathrm{.}5.$ Purchased a vehicle and paid by cheque, R$160000.$

Required

Show the effect of the above transactions of Crazy Cellular Repairs on the accounting equation. Use

$"$ to denote an increase, $"-"$ to denote a decrease and $"$O$"$ to denote no change to the elements of

the equation. Present the above transactions in the following format: