Write up a transaction analysis chart from the given transaction. Sana set up a business on 1 January 2010 toprovide transport services. His businesstransactions for the first ten clays are givenbelow:January1Contributed K50 000 as initial capitaland deposited this into the businessbank account.Purchased a truck for cash, K20 000.Paid fuel expenses, K 300.Purchased office supplies for K 200.Bought fuel on credit from GorokaService Centre K150.Produced transport services for cashK3 000.Provided transport services to BorokoTrading for K 1 500 on credit.Paid cash for office rent K. 100.Received a part payment: of K600from Boroko Trading.Vallue of office supplies used duringthe period is KLOO34678910AssignineTeacher:Signature

The Accounting equation is a statement that shows the equality between the resources and the…

Answered: Write up a transaction analysis chart…

Business

Accounting

Write up a transaction analysis chart from the given transaction.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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