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The following transactions during January 2 0 2 4 ?relate to County Traders:DateJanuaryDetailsAmount ( R ) 0 1 Paid for rental of equipment . 5
The following transactions during January ?relate to County Traders:DateJanuaryDetailsAmountRPaid for rental of equipmentPurchased a vehicle on credit from SevenoaksReceived partial payment from debtor, KentThe owner pays with a business cheque for personal expenses.Withdraws money for personal usePaid creditorsRendered services on credit to SurreyIssued a credit note to Surrey for unsatisfactory servicesCashed cheque ?for:TelephoneWages for the monthRequired:Show the effect of the above transactions of R Red on the accounting equation. Use ?to denote an increase, ?to denote a decrease and ?to denote no change to the elements of the equation. Present the above transactions in the following format:NoAcc debitAcc creditAssetsEquityLiabilities
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