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What will the effect of this transaction be on the accounting equation? Assets Equity Liabilities + 0 + 0 + 0 5000- 5000 + 0
What will the effect of this transaction be on the accounting equation? Assets Equity Liabilities + 0 + 0 + 0 5000- 5000 + 0 Question 1 of 23 6.0 Points Click to see additional instructions SA Attorneys entered into the following transactions during July 2020. The entity is a registered VAT vendor. VAT at 15% is included where applicable. Date Transactions 9 21 Pay office rent to S East by electronic fund transfer, R8 050 S Africa instructed SA Attorneys to issue a summons against his wife for divorce and pays a deposit in this regard to the amount of R9 000. NB: 1. Do not type the amount with any spaces as separators for thousands (eg: 12141,72) 2. Use a comma to indicate any decimals (eg: 1000,01) 3. You must enter cents even if it is 0 (eg,00) 4. You must round to the nearest cent 5. You must enter an amount in each of the open spaces. If the transaction does not have any effect on a certain aspect of the account equation, please indicate it with a zero (eg: 0). Solution: Indicate the nett effect of the transactions under the accounting equation: Assets Equity Liabilities R R R + + +
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