the long term loan was entered into on 1 October 2011. according to the agreement interest will be payable bi-annually at a rate of 18% annually

Date January Details Purchased a vehicle on credit from Sevenoaks. Received partial payment from debtor, Kent. The owner pays with a business cheque for personal expenses. Withdraws money for personal use. 10 Paid creditors. 12 Rendered services on credit to Surrey. 15 Issued a credit note to Surrey for unsatisfactory services. 20 Cashed cheque 111 for: Telephone Wages for the month 01 Paid for rental of equipment. 04 Amount (R) 500 24 000 2 000 1 200 800 12 000 4 000 200 150 900 red: the effect of the above transactions of R Red on the accounting equation. Use an increase, "-" to denote a decrease and "0" to denote no change to the ele on. Present the above transactions in the following format. Acc debit Acc credit Assets Equity Lia Bank Sales +200 +200 0 4