Transactions

Activity 2.8 Analyse the following transactions according to the table below. An example has already been completed. (66) Example Paid the telephone account at Grocery Garden, R312. General Ledger Assets Date Account Account Effect Reason credited Telephone Bank -R32 Cash decreases Owner's Equity Effect Reason -R312 Telephone expense 21 Issued a cash cheque to the owner for own use, R570. 26 Received Ri 110 from J Summers for the past month's rent. Cash sales of goods, R2 550 29 Issued a cheque for R833 to Buy-right. R421 is for the business telephone account and the rest is for water and electricity