The accounting equation is the Alpha of Accounting rules. As the junior accountant at the stationery shop, Polka$-$Dots $($Pty$)$ Ltd$.$

Transactions related to the $2022$ financial year:

$1.$ Posters to the value of R$550$ was purchased by the primary school. Payment was

made in cash.

$2.$ Unwanted goods of R$800$ purchased by Mrs$.$ Strong on account, was returned.

The cost of the goods is R$500.$

$3.$ Mr$.$ Prince applied to open an account at Polka$-$Dots $($Pty$)$ Ltd$.$ A limit of R$2000$

was approved by management.

$4.$ Mr$.$ Prince purchased stationery of R$1750$ for his Grade $9$ child on credit.

$5.$ Fly Bank charged the monthly bank charges of R$45.$

$6.$ The municipal bill in respect of water and electricity usage, amounting to R$850$

was received.

$7.$ A long$-$outstanding dispute with the cellphone company was finally resolved. The

correcting credit was passed by the cellphone company of R$140.$

$8.$ To fill up the stock shortages, an order of R$5000$ was issued to GREAT Ltd$.$

$9.$ Rental of R$600$ was paid as per the entered lease agreement.

$10.$ Cash sales of R$750$ was made to Mrs$.$ Strong. The cost of the goods is R$400.$

$11.$ Fuel of R$800$ for the delivery truck was posted to the salaries and wages

account.

$12.$ Mr$.$ Plan$$s son was accepted to study at the university. The stationery needs are

not yet communicated. As Mr$.$ Plan will be travelling he paid a deposit of R$4000$

to Polka$-$Dot $($Pty$)$ Ltd to apply to his son$$s stationery needs.

$13.$ Mr$.$ Sick passed away. His estate has insufficient funds to settle his account of

R$3500.$ The lawyers offered a final settlement of $60$c in the rand.

$14.$ Depreciation is calculated on the straight$-$line basis of $25\%$ by Polka$-$Dot $($Pty$)$

Ltd$.$ The annual depreciation on the delivery truck, purchased for R$350000$ in $2020,$ have not been accounted.

$15.$ The company uses the periodic inventory system. At financial year$-$end stock of

R$5500$ was on hand. The opening balance on the inventory account amounts to $8000.$

$16.$ The owner settles the vehicle loan of R$5600$ from her own account.

$1\mathrm{.}2.$ Record the transactions $(1-16)$ in the accounting records via general journals for the financial year ended $31$ July $2022(30)$