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QUESTION TWO ( 2 5 ) Richfield Spotless Ltd is a service cleaning business. The business is not registered for VAT. Richfield Spotless Ltd uses

QUESTION TWO (25)
Richfield Spotless Ltd is a service cleaning business. The business is not registered for VAT. Richfield Spotless Ltd uses the perpetual inventory system. The following transactions were entered into by Richfield Spotless Ltd during December 2023:
December
4 Richfield Spotless Ltd rendered on credit to Mthembu Inc, R1200.
10 Advertising fees paid by credit card of the business R350.
15 Cleaning tools and equipment bought from Top Cleaners for cash R8500.
20 Mthembu Inc, made a direct payment into the bank account of Richfield Spotless
Ltd in part payment of their account R700.
22 Cleaning service rendered for cash R4050.
23 The owner took cleaning material from the inventory of the business for own use R450.
28 bought cleaning material on credit from Spot-Bright Inc R3000.
30, Wages paid cash R5000.
REQUIRED:
For each of the transactions listed above, indicate the effect of the transaction on the accounting equation. Use a"+" sign to indicate an increase and a "-" sign to indicate a decrease in the elements of the accounting equation. Also indicate the general ledger accounts affected.
\table[[\table[[Date],[Example]],\table[[assets],[+25,000
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