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Exam (elaborations)

Accounting 1 Memorandum ()

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Regent Business School Accounting 1 Memorandum for the 5th of January 2022

Institution
Accounting 1
Course
Accounting 1

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ACCOUNTING 1
JANUARY 2022

MEMORANDUM




PREPARED BY: MTHOMBENI

0767297208

, QUESTION 1
Date Assets = Equity Liabilities Account Debited Account
R R R Credited
2 +140000 +140000 0 Vehicles Capital
3 +90000 0 +90000 Equipment Creditor’s control
-36000 0 -36000 Creditor’s control Bank
5 -6800 -6800 0 Advertising Bank
7 +43000 0 0 Furniture Bank
-43000
15 -15700 -15700 0 Consumables Bank
18 +30000 +30000 0 Bank Services rendered
25 -23000 -23000 0 Wages Bank
-2160 -2160 Electricity Bank
28 +34500 +34500 0 Bank Services rendered
+20000 +20000 0 Bank Hiring fees
30 0 -3000 0 Drawings Consumables
+30000
31 -9000 0 -9000 Creditor’s control Bank




1
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Accounting 1
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Accounting 1

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