Answer to Question #244183 in Economics for Kris love

Question

1. 1 July 2013 N. Nicols deposited R60 000 into the bank account of the business as capital.

2. 3 July 2013: She bought a second- hand removal van on credit from M Davids for R 100 000

3. 3 July 2013: Filled the removal van with petrol and paid cash, R700.

4. 4 July 2013: Placed an advertisement in the Peace News for R350 on credit.

5. 4 July 2013: Paid his personal telephone account of R470 for June 2013 with a business cheque.

6. 7 July 2013: Obtained a loan from Learners Bank for R20 000.

7. 10 July 2013: Transported furniture for D Dennis on credit R2 000.

8. 14 July 2013: She transferred personal equipment to the value of R10 000 to the business.

9. 17 July 2013: Paid R20 000 to M Davids as payment on the removal Van.

10. 18 July 2013: Bought a computer for R5 000 from Movement Ltd and paid by cheque.

11. 22 July 2013: Received R800 from B Bonolo for the transport of equipment

REQUIRED:

Prepare the General Ledger of N. Nicols for the year ended July 2013

Answer 1

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