Question
QUESTION TWO Assess the following transactions and complete the table provided. Example: Element Equity Asset The owner contributes an additional R100 000 as capital to
QUESTION TWO Assess the following transactions and complete the table provided. Example: Element Equity Asset The owner contributes an additional R100 000 as capital to the business. General Ledger Debit/Credit Financial Statement reporting Account Transactions: 2.2 2.3 2.4 2.5 2.6 2.7 Capital Bank Credit Debit Statement of Financial Position Statement of Financial Position 2.1 Purchase a vehicle of R150 000 through vehicle financing for the company to perform site (4) inspections. Receive a donation of R4 000 from the local supermarket. Purchase stationery of R5 000 on account. Fill up the vehicle for R800 at Sasol on the company credit card. (4) The debit order of R3 800 for the first vehicle installment appears on the bank statement. (4) Stock to the value of R450 was damaged in a storm. (4) (4) Write off a deceased client's account of R500. (4) [28] (4)
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