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Analyse the above transactions of PK Traders in tabular format as follows:
Accounting
ScanSolve AI Answer
Here is the analysis of the transactions in tabular format:
| Date | Account to be debited | Account to be credited | Assets | Equity | Liabilities |
|---|---|---|---|---|---|
| April 1 | Drawings | Bank | -R2 580 | -R2 580 | R |
| April 3 | Accounts Receivable (B Kenyeza) | Bank | +R1 200 / -R1 200 | R | R |
| April 6 | Telephone Expense | Bank | -R1 560 | -R1 560 | R |
| April 8 | Vehicles | Bank | +R85 000 / -R35 000 | R | +R50 000 |
| Accounts Payable (Auto Motors) | |||||
| April 12 | Inventory | Repairs Expense | +R975 | +R975 | R |
| April 14 | Bank | Bad Debts Recovered | +R2 375 | +R2 375 | R |
| April 15 | Stationery Expense | Accounts Payable (ST Suppliers) | R | -R1 450 | +R1 450 |
| April 18 | Accounts Receivable (M Maluleka) | Sales | +R1 400 | +R1 400 | R |
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