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