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  3. [20] amount (r) question one the following transac

[20] Amount (R) QUESTION ONE The following transactions during January 2020 relate to County Traders:...

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[20] Amount (R) QUESTION ONE The following transactions during January 2020 relate to County Traders: Date Details January 01 Paid for rental of equipment 04 Purchased a vehicle on credit from Sevenoaks. 06 Received partial payment from debtor, Kent, 08 The owner pays with a business cheque for personal expenses. Withdraws money for personal use. 10 Paid creditors. 12 Rendered services on credit to Surrey. 15 Issued a credit note to Surrey for unsatisfactory services. 20 Cashed cheque 111 for: Telephone Wages for the month 500 24 000 2 000 1 200 800 12 000 4 000 200 150 900 Required: Show the effect of the above transactions of R Red on the accounting equation. Use "+" to denote an increase.*- to denote a decrease and oto denote no change to the elements of the equation. Present the above transactions in the following format: No. Acc debit Acc credit Assets Equity + Liabilities e.g. Bank Sales +200 +200 0

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