QUESTION ONE [20] The following transactions during January 2020 relate to County Traders: Date January...
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QUESTION ONE [20] The following transactions during January 2020 relate to County Traders: Date January Details Amount (R) 01 Paid for rental of equipment. 500 04 Purchased a vehicle on credit from Sevenoaks. 24 000 06 Received partial payment from debtor, Kent. 2 000 08 The owner pays with a business cheque for personal expenses. Withdraws money for personal use. 1 200 800 10 Paid creditors. 12 000 12 Rendered services on credit to Surrey. 4 000 15 Issued a credit note to Surrey for unsatisfactory services. 200 20 Cashed cheque 111 for: Telephone Wages for the month 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 0 to denote no change to the elements of the equation. Present the above transactions in the following format: No. Acc
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