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The following transactions occurred during February 2019 in CD Dealers: Owner deposited R5 000 as capital increase. Purchased furniture on credit from Markel Furniture for

The following transactions occurred during February 2019 in CD Dealers:

  1. Owner deposited R5 000 as capital increase.

  2. Purchased furniture on credit from Markel Furniture for R1 500.

  3. Paid R3 000 to creditors on account.

  4. Purchased a vehicle for cash R20 000.

  5. Cash received for service rendered, R800.

  6. Rendered services on credit to a debtor, R300

  7. Paid salaries, R400.

  8. Rex Motors repaired a Vehicle on credit, R1 200

  9. Depreciation of equipment written off, R700.

  10. Received R600 rent for a storeroom.

You are required to:

Analyse the above-mentioned transactions for CD Dealers for February 2019 In the Accounting Equation by using the following format:

No

Account Debited

Account credited

Assets =

Owner Equity +

Liabilities

e.g

Bank

Rent income

+120

+120

-

*R120 was received for rent.

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