Question 1 Study the scenario and complete the question that follows: AB Traders The following...
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Question 1 Study the scenario and complete the question that follows: AB Traders The following transactions took place in the month of March 2021 for AB Traders, which trades in cricket equipment: Date Transaction 1 The owner, AB De Villiers, transferred his own vehicle with a value of R20 000 to the business. 3 Purchased merchandise of R25 000 on credit from Cricket Suppliers. 5 Rented a building and paid one month's rent of R3 000 cash. 10 Sold goods on credit to a customer, M Boucher, at R12 500 selling price (Cost price R10 250). AB De Villiers took a cricket bat for his son R1 000 (selling price) and R890 (cost price). 21 28 Sold an old laptop for R5 000 cash. Note: AB Traders are NOT registered for VAT and use the perpetual inventory system. Source: Klopper, J. 2020 Required Analyse the transactions of AB Traders, using the following columns: (30 Marks) Day Account debited Account credited Influence on the accounting equation Owners' Assets Liabilities equity
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