Activity 4 The accounting equation #Analyse the following transactions using the basic accounting Smith owns a small business that sells vuvulezas to sports fans. He büys them at R10 each and sells...

Extracted text: Activity 4 The accounting equation #Analyse the following transactions using the basic accounting Smith owns a small business that sells vuvulezas to sports fans. He büys them at R10 each and sells them for R25. Purchased 100 vuvuzelas and paid cash for them. Sold 40 at a soccer match at the local stadium. Some tourists bought 10 units from Peter. A Paid R200 for petrol for the business car. Sold 30 units but he only managed to get R20 each. Placed an advertisement in the local paper at a cost of R125. , Analyse the following transactions using the basic accounting equation. Nkosi Kwando owns a small spaza store and she marks up all her good by 50%. a Buys R2 500 of trading stock from Makro and pays with a cheque. b Issues a cheque for R1 200 for a new printer. c Sold some stock for R750 (Cost price- R500). d Received R5 000 from the bank as a loan. e Purchased more stock for cash - R3 500. f Good sales led to receiving R3 000 from cash sales. g Stock with a cost price of R600 were sold. h The tenant paid the rent of R375.