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The following transactions relate to the business of Jacobs Coffee Shop for the month of February 2022: 01/02/22: Owner deposited N$10,000 as capital contribution. 02/02/22:
The following transactions relate to the business of Jacobs Coffee Shop for the month of February 2022: 01/02/22:
Owner deposited N$10,000 as capital contribution. 02/02/22: Bought a coffee machine paid by EFT N$2,500. 04/02/22: Cash purchases paid by cheque N$1,500. 10/02/22: Credit sales to Mrs. Hamutenya N$1,500. 15/02/22: Rendered catering services at EN Dorado for N$2,000. Received payment via EFT. 25/02/22: Purchased sugar and tea from Sweeteners cc on Credit N$500. How much is Jacobs profit/loss for the month of February 2022?
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