QUESTION ONE

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:

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.