The marketing manager of Innocent Traders was given a budget for an amount of R$17890$ to perform the advertising of innocent Traders for the current financial period ended $28$ February $20\mathrm{.}19.$ Pearl Advertising Agency was appointed on $30$ April $2018$ by the marketing manager to assist with the advertising of Innocent Traders for the current financial period. On $1$ May $20\mathrm{.}18,$ the marketing manager paid R$14630$ to the advertising agency for advertising services to be provided during the current financial period The payment was based on the quotation that was received from Pearl Advertising Agency On $26$ February $2019,$ the bookkeeper of Innocent Traders reconciled all the invoices that were received from Peari Advertising Agency for current finaricial period and noted that the total of the invoices amounted to R$16789$ The payment that was made to Peart Advertising Agency was correctly recorded in the accounting books of innocent Traders, however no adjustment journal entry has been processed yet

The effect that the adjustment journal entry will have on the basic accounting equation of Innocent Traders for the year ended $28$ February $20\mathrm{.}19$ will be $...$

Instructions:

Use a full stop to indicate any decimals $($eg$.1000\mathrm{.}01)$

Round off your final answer to the nearest Rand $($ed $50\mathrm{.}56$ is $51)$

The effect that the adjustment journal entry will have on the basic accounting equation of Innocent Traders for the year ended $28$ February $20\mathrm{.}19$ will be $...$

Instructions:

Use a full stop to indicate any decimals $($eg: $1000\mathrm{.}01)$

Round off your final answer to the nearest Rand $($eg: $50\mathrm{.}56$ is $51)$

INNOCENT TRADERS

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