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You are starting your own business as a data analyst. Part of your monthly management is to complete the accounting equation as an exercise to

You are starting your own business as a data analyst. Part of your monthly management is to complete the accounting equation as an exercise to monitor your equity position in the business. The information provided below relates to the last month of your financial year ending on 31 May 2024. Record the transactions in the accounting equation provided.
Transactions
1. You deposited R150000 cash into the bank account to start the business.
2. To start your business, you purchased a computer valued at R55000. The payment for the computer was a cash deposit of R15000. The remainder of the cost price will be paid over 24 months.
3. Your first invoice for work to be done was issued to the value of R45000. The client paid R12500 in cash and promised to pay the remaining amount over a period of two months.
4. You paid licencing fees of R16800 for the programmes that you use to build dashboards for your clients.
5. You paid the rent of your premises for the month to the value of R8500.
6. You received the water and electricity account for the month of R15600. You decided to pay this only in the next month.
Required:
Record the transactions above in the accounting equation format provided below.
10.5
Owners contribution +
Profit/(Loss)=
Long-term assets +
Bank +
Debtors -
Long-term liabilities -
Creditors

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