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Complete the following worksheet to illustrate the effects of above transactions on accounting equation and find the total of each column.

Accounting

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a) Complete the following worksheet to illustrate the effects of above transactions on accounting equation and find the total of each column.

Initial Investment: On 1 January 2025, Wilson commenced a taxi service business investing K 50 000.

  • Cash increases by K 50 000.
  • Capital (Owner's Equity) increases by K 50 000.

| Trans. No. | Date | Cash | Motor vehicle | Office furniture | Office equipment | Accounts receivable | Accounts payable | Bank loan | Revenue | Expenses | Capital | Drawings | | :--------- | :--- | :--- | :------------ | :--------------- | :--------------- | :------------------ | :--------------- | :-------- | :------ | :-------

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