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QUESTION TWO (14 Marks) The following Transactions took place at ABC Traders during the current financial year: 1) The owner, Sipho Khumalo invested an amount
QUESTION TWO (14 Marks) The following Transactions took place at ABC Traders during the current financial year: 1) The owner, Sipho Khumalo invested an amount R100 000 cash into the business (ABC Traders). 2) The owner brought in some assets valued at R120 000 as part of his capital contribution. 3) New furniture to the amount of R50 000 was bought on credit from Lewis. 4) Paid R30 000 into Lewis account 5) Obtained a loan of R40 000 from SFP Bank and the money was deposited into ABC Traders' account. 6) \\( \\quad \\mathrm{ABC} \\) Traders paid R5 000 for salaries by cheque. 7) Sipho Khumalo withdrew R600 for his personal use. REQUIRED: Draw the following structure and complete it as per the Example provided
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