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The following are transactions in relation to Sweet Delight Caf for January 2020. Example: Transactions Effects Journal entry Paid stationeries by cheque Increase Expenses Dr
The following are transactions in relation to Sweet Delight Caf for January 2020. Example: Transactions Effects Journal entry Paid stationeries by cheque Increase Expenses Dr Stationery a/c Decrease Asset Cr Bank a/c 1. Owner brought in cash into the business. 2. Owner brought in furniture into business 3. Purchased goods on credit from Sweety Enterprise. 4. Received a loan from XYZ bank Paid employees wages by cheque 5. Required: a. Complete the table by showing the effect (increase/decrease) and journal entries (debit/credit) of the above transactions. (10 marks)
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