Question text

The following information relates to Beatah:

Balances as at $31$ August $20\mathrm{.}3$:

Plant and machinery $($at cost$)$

Accumulated depreciation: plant and machinery

R

$83800$

R

$45400$

Additional information

$($a$)$ According to the assets register, plant and machinery consist of two Zebra machines of equal value. Both the machines were purchased by obtaining a loan from King Bank and they were charged $15\%$ interest per annum and installed on the same date.

$($b$)$ Depreciation is written off at $20\%$ per annum by the diminishing balance method.

$($c$)$ On $31$ January $20\mathrm{.}4,$ management decided to increase production capacity and purchased a Deck machine on credit from Amy Ltd for R$88800.$ One of the Zebra machines was traded in$,$ reducing the amount owing to Amy Ltd to R$69300.$

$($d$)$ On $1$ February $20\mathrm{.}4,$ installation charges on the new machine amounting to R$4800$ were paid in credit.

REQUIRED

Post the above transactions to the general ledger account provided below.