Number 1 Hi there can you please help me with the equation for 15...
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Accounting
Number 1
Hi there can you please help me with the equation for 15 marks
Switch Buddy (Pty) Ltd commenced business in November 2022, the entity is not registered as a VAT vendor and uses the perpetual (continuous) inventory system. A mark-up of 25% on cost is applicable. The following information represents the transactions for the first month of business: 1st The owner made a deposit into the business' Standard Bank account as his capital contribution, R255 000. 2nd Purchased inventory from a supplier, B-Traders Ltd on credit, R105 000. 4th Paid the municipality for electricity expense of R8 000 . 6th Credit sales of inventory to a customer (Dotcom (Pty) Ltd), R51 500. 12th Made a payment to a supplier (B-Traders), R75 000. 25th Paid wages of R130 000 to office personnel by cash transfer into their bank accounts 26th Received a payment from Dotcom (Pty) Ltd in part settlement of amount owing, R46 200. 29th Paid the business telephone account to Telkom, R5 800. REQUIRED Identify the accounts debited and credited in each of the above transactions. Complete the template provided
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