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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.
Accounting Equation Worksheet
| Trans. No. | Date | Cash (K) | Motor vehicle (K) | Office furniture (K) | Office equipment (K) | Accounts receivable (K) | Accounts payable (K) | Bank loan (K) | Revenue (K) | Expenses (K) | Capital (K) | Drawings (K) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Initial | Jan 1 | +50 000 |
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