Question

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

Answer 1

- General Date Account ledar edger Account credited - Effect Assets Reason owner's Equity Effect Reason debited Bank Additional Capital Introduced R17ooo Bank Balanie R17000 Capital of lowner Increases Increases Cash sales |R1340 Cash Increases |R1340 Cash sales Equipment Bank R4778 Increase in R 4778 Cash/Bank equipment decreases Purchase Bank R2546 Increase in R2546 Bank balance goods and decreases Stationery