We read your photo as:

Day 1: The owner, Jane Fresh, contributed R5 000 as capital* to the business. This amount was deposited into the business bank account.

Economics

ScanSolve AI Answer

Here is a detailed description of each transaction:

  • Day 1: The owner, Jane Fresh, contributed R5 000 as capital to the business. This amount was deposited into the business bank account.
  • Day 3: The business received R1 200 in cash from various customers for services rendered, which is recorded as current income. This amount was later deposited into the bank.
  • Day (unspecified, but after Day 3): The business received R500 from D Ncube, a debtor, as payment towards their outstanding account. This R500, along with the R1 200 received from customers on Day 3, was deposited into the bank, totaling R1 700.
  • Day 10: The business received a loan of R10 000 from InvestAll Bank. This amount was deposited into the business bank account.
Was this helpful?

Still stuck on this one?

Ask a follow-up, and the answer starts from this question.

Got a different question?Ask your own question
Handwritten step-by-step solution preview

Handwritten Step-by-Step Solution

Get this as a handwritten image on WhatsApp — like a tutor wrote it for you.

Try on WhatsApp