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QUESTION 1 (20 Mar Throughout the month of January 2023, the sole trader, Mhlanga, undertook...

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Accounting

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QUESTION 1 (20 Mar Throughout the month of January 2023, the sole trader, Mhlanga, undertook the following transactions: 1. The owner contributed an additional R50000 in cash as capital. 2. Purchased shelving on credit for R30 000 from Shelving Master 3. The owner bought trading inventory worth R20000 4. Telephone expenses of R 5000 were incurred and paid in cash. 5. Paid salaries to employees of R15000 6. Cash sale of merchandise as per cash register tape, R10 000 7. Thirty pies (costing R20 each) were sold on credit basis to Ms Pillay. 8. Ms Pillay returned three stale pies she previously bought (see point 6 above) 9. Returned unsatisfactory merchandise from Shelving Master worth R5 000 10. The owner made a withdraw of cash of R10000 REQUIRED

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