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  3. the following transactions were extracted from the

The following transactions were extracted from the books of Sylvestish Traders for the month of...

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Accounting

The following transactions were extracted from the books of Sylvestish Traders for the month of August 2020.

The business uses the periodic inventory system. Transactions: 1. Cash sales of merchandise, R5 000. 2. Credit sales of R 4 000. 3. Purchased inventory on credit, R2 300. 4. Bought merchandise for cash, R 3 000 5. The owner took goods for own use for R400 (cost price)

Required: Record the above-transactions in the ACCOUNTING EQUATION

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