Reference no: EM132621036

The following are miscellaneous transactions for Zestra Stores for September 20.12. Ignore the VAT. The business uses perpetual inventory method with a mark-up of 33.333% on cost. Business's Financial year on 30 September each year.

Date       Transaction details

1         The owner took a product from stock for personal use, selling price =R 7 000.00.

14         Purchased an office computer on credit from Siplex Computers = R14 500.00.

15          Credit sales of trading inventory, selling price =R 21 470.00.

27          A debtor returned some of the goods purchased from Zestra Stores on the 26 September 20.12. The cost price of the goods in question was R 4 200.00.

30          Rent for September for R8 600.00 is not yet paid by the end of September 20.12.

30            Allowance for credit losses needs to be increased by R 300.00.

30          Accrued wages of R 3 500.00 for September 20.12 are not yet recorded. Make the n necessary adjustments.

Required

Question 1: Show how the above transactions will affect the accounting equation and enter how the accounts in the general ledger will be affected.