Q21 - Transactions - 15 marks (Suggested time: 12 minutes) Ebe is a business owerer...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Q21 - Transactions - 15 marks (Suggested time: 12 minutes) Ebe is a business owerer who does not hye proper knowledge of accounting and has asked you to record the foltowing transactions in a basic accounting format (Accounting Eqtation). A. Started her business by contributing cash $440,000 and Land $80,000 in exchange for share capital. B. Purchaspd merchandse $80,000. C. $13,000 recelved from a customer for service provided. D. Fales on account to Juni $23,000 E. Purchased furniture $9,900. F. Feceived cash trom tuni $14,000. Q. Paid wages $6,700, Aent $6,550 and Electricity Bail $2,500. H. Pald Pob $3,000 in swlary for work done during the menth. Note: DO NOT use commas or dollar signs in your answers (e.g. 2750, NOT \$2,750). 0O NOT use brackets fo denote negative values, use a minus sign (e.g100, NOT (100) )
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.