Activity

Below is an explanation that can assist you to complete the activity.

The following transactions took place in Strong CC, a new business started by Mr Zany:

1. Mr Zany deposits R10 000 as capital into the bank account of the business.
2. Strong CC purchases a motorbike for R2 000 and pays the full amount in cash.
3. Strong CC enters into a rental agreement for offices. The monthly rent of R500 per month is payable in advance and one month's rent is required as deposit - a cheque for R1 000 is given to the owner of the building.
4. Strong CC purchases 50 bottles of Strong life, an energy drink, on credit at R10 each.
5. Mr Zany appoints Miss Exy as an assistant at a salary of R2 000 per month. She will only be paid on the 25th of each month.
6. Miss Exy pays the telephone bill of R250 with a business cheque.
7. Miss Exy sells 10 bottles of Strong life at R20 each for cash.
8. Mr Zany sells 20 bottles at R20 each on credit.
9. Mr Zany pays Miss Exy's salary plus a bonus of R500.

Click here to download a table, then write down the values for each of these transactions in the BAE format.

When added together per column, the totals should be: