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Accounting for Decision Making | Semester 1, 2021 22 a) Calculate the missing amounts. (5 marks) Assets Equity Gabilities $40,000 7 ag $50,000 $200,000 2 $120,000 Company #1 Company #2 Kompany 3 3 sole trader #1 2 $250,000 $350,000 2 $20,000 $12,000 Sole trader #2 $5,000 $4,000 i B 1 Liabilities Equity Assets $50,000 $200,000 $40,000 Company 1 Company #2 Company 3 Sole trader 21 $120,000 $250,000 $350,000 $20,000 $12,000 Sole trader #2 $5,000 $4,000 23 Complete the table below by ladicating no affect create or decrease for each transaction mare Destir Effect on Effect Bred on CIHE Demo23 Not yet Marked out of 5.00 Pag question b) Complete the table below by indicating no effect, increase or decrease for each transaction (5 marks) Description Effect on Effect on Effect on current current working assets liabilities capital Transaction 1 $1,000 cash purchase of inventory 22227 ???? 22222 Transaction 2 $1.500 credit purchase of inventory 72222 22222 Transaction 3 $20,000 loan obtained from bank 27777 7777 77272 Transaction 4 Collect $500 accounts receivable 77777 ????? 777777 2 i-B1 % Description Etfect on current assets Effect on current liabilities 22772 Effect on working capital Transaction 1 77777 77777 Transaction 2 77227 22222 22277 51,000 cash purchase of inventory $1,500 credit purchase of inventory $20,000 loan obtained from bank Collect $500 accounts receivable ???? 27722 22222 Transaction 3 Transaction 4 ???? 77777 Previous

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