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Question 1 P Shumba started her business on 1 January 2018. The following...

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Accounting

Question 1
P Shumba started her business on 1 January 2018. The following is a list of transactions entered into by the business during the month of January 2018.
\table[[No,Details,\table[[Amount],[(R)]]],[1,P Shumba deposited capital into the business.,60000],[3,Bought goods on credit from suppliers.,35000],[5,Bought business equipment on credit paying a deposit of R30000.,130000],[7,Sold goods for cash.,25500],[12,Sold goods on credit.,25000],[15,Received a payment from an account receivable.,5500],[21,Placed an advert in the daily paper on credit.,1500],[23,Paid suppliers on account.,15000],[28,P Shumba made an EFT to the local school for his son's aftercare services.,3000]]
You are required to:
Indicate the account to be debited and the account to be credited for each transaction. Use the template provided on the next page.
Example:
Sold goods on credit R3000.
\table[[Date,Account Debited,Account Credited,Amount],[Eg.,Rent expense,Bank,R3000]]
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