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Peter a qualified electrical engineer was retrenched in January 20.2 and he received a retrenchment...

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Accounting

Peter a qualified electrical engineer was retrenched in January 20.2 and he received a retrenchment package of R1000000. He decided to open his own business PG Electricians on 1 February and deposited 50% of his retrenchment package into PG Electricians business bank account. PG Electricians will use the periodic inventory system.
The following transactions occurred in the books of PG Electricians during the month of February 20.2:Instructions:
Use a full stop to indicate any decimals (eg: 1000.01)
Round off to the second decimal after the full stop (eg: 50.56)
A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01)
An increase must be indicated by the amount without any sign (eg: 1000.01)
If an option has been provided and it is not applicable to the specific question, please put N/A in the column.
The correct ledger and accounting analysis of TRANSACTION 1 in the books of PG Electricians will be ...
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