(Solved): Mr T Moleleng runs a small gardening service business, Evergreen. The entity is not registered as a ...

Mr T Moleleng runs a small gardening service business, Evergreen. The entity is not registered as a VAT vendor and maintained an unfavourable bank balance. The following transactions by Evergreen took place during February 2024: 1 Obtained a long-term loan of R50 000 from ANISU bank. The loan bears interest at 12% per annum and is repayable on 31 January 2026. The full amount was deposited into the current bank account of Evergreen. 2 A direct deposit of R2 100 from Mr Kolbe for landscaping services appears on the bank statement. 3 Paid, R1 200 cash for fuel. 4 Rendered gardening services to Mrs Magubane for R2 300 on credit. 5 Received an invoice for R1 199 from SA Secure for security services rendered. The amount has not yet been paid. 6 Paid the business telephone account of R1 380 with an electronic funds transfer. 7 Received R3 110 from Miss Mcllroy in full settlement of her account. Required: Prepare a table in the format below. Analyse the above transactions by indicating what account must be debited and what account must be credited in the general ledger. Also indicate the effect of each transaction on the accounting equation by using NO sign to indicate an increase and a “-” sign to indicate a decrease. Instructions: 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Round off to the second decimal after the full stop (eg: 50.56) 3. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01) 4. An increase must be indicated by the amount without any sign (eg: 1000.01) 5. If a transaction has been provided and it is not applicable to an element (assets or equity or liabilities), then please put a 0 in the amount column of that element (assets or equity or liabilities) 6. If a transaction increases and decreases an element (assets or equity or liabilities), then please show the net effect in the amount column of that element (assets or equity or liabilities) Transaction number Assets Equity Liabilities R R R 1 Answer Answer Answer 2 Answer Answer Answer 3 Answer Answer Answer 4 Answer Answer Answer 5 Answer Answer Answer 6 Answer Answer Answer 7 Transactionnumber1234567AssetsREquityRLiab