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Complete the accounting equations for these transactions: Bought a vehicle for R30 000, paid by cheque. Bought wood sander for R2 000, paid by cheque.
Accounting
ScanSolve AI Answer
Here are the completed accounting equations for transactions 3 and 4:
3. Bought a vehicle from L Botha for R30 000 and paid by cheque.
| Assets | Owner's Equity | Liabilities | |||
|---|---|---|---|---|---|
| Effect | Reason | Effect | Reason | Effect | Reason |
| Cash decreased | |||||
| Vehicles increased |
4. Bought a wood sander from R Rheeder. Paid by cheque, R2 000.
| Assets | Owner's Equity | Liabilities | |||
|---|---|---|---|---|---|
| Effect | Reason | Effect | Reason | Effect | Reason |
| Cash decreased | |||||
| Equipment increased |
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