Date 2022 Jun 01 S Ash deposited capital into the business bank account 05 The business obtained a loan from LTC Bank 07 Acquired a vehicle and settled the purchase price by cheque 08 Bought cleaning material from AD Suppliers on credit 10 Invoiced Dekker Hotel for cleaning services rendered 12 Received a cheque from Dekker Hotel and deposited it in the bank account Paid Salaries by cheque Transactions 14 16 An advert was published in the daily news. This is payable in 30 days 25 S Ash transferred his personal equipment into the business 30 Stationery on hand Required: Analyse the above transactions in tabular form as follows: A/C.DEBIT A/C.CREDIT A = E+ Amount R 80 000 15 000 25 000 500 1 000 500 1 500 250 10 000 1 000 L

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5PA: Inner Resources Company started its business on April 1, 2019. The following transactions occurred...
icon
Related questions
Question

The transactions below relate to S ASH for the month ended 30 June 2022.

 

Date
2022
Jun 01
S Ash deposited capital into the business bank account
05
The business obtained a loan from LTC Bank
07 Acquired a vehicle and settled the purchase price by cheque
08
Bought cleaning material from AD Suppliers on credit
10 Invoiced Dekker Hotel for cleaning services rendered
12
Received a cheque from Dekker Hotel and deposited it in the
bank account
Paid Salaries by cheque
Transactions
14
16 An advert was published in the daily news. This is payable in 30
days
25
S Ash transferred his personal equipment into the business
30 Stationery on hand
Required:
Analyse the above transactions in tabular form as follows:
A/C.DEBIT
A/C.CREDIT
A =
E +
Amount
R
80 000
15 000
25 000
500
1 000
500
1 500
250
10 000
1 000
L
Transcribed Image Text:Date 2022 Jun 01 S Ash deposited capital into the business bank account 05 The business obtained a loan from LTC Bank 07 Acquired a vehicle and settled the purchase price by cheque 08 Bought cleaning material from AD Suppliers on credit 10 Invoiced Dekker Hotel for cleaning services rendered 12 Received a cheque from Dekker Hotel and deposited it in the bank account Paid Salaries by cheque Transactions 14 16 An advert was published in the daily news. This is payable in 30 days 25 S Ash transferred his personal equipment into the business 30 Stationery on hand Required: Analyse the above transactions in tabular form as follows: A/C.DEBIT A/C.CREDIT A = E + Amount R 80 000 15 000 25 000 500 1 000 500 1 500 250 10 000 1 000 L
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Knowledge Booster
Accounting for Cash and cash equivalents
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College