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QUESTION THREE The following transactions were extracted from the books Egyakoo Ltd for the month of August 2018. Show the effect of the transactions on the accounting equation of Egyakoc Ltd I. Alaska the owner of Egyakoo Ltd contributed an amount of GHS100,000 by cheque representing 10,000 equity shares II. Acquired factory building on credit from Lilwin enterprise for GHS50,000 III. Acquired a loan of GHS48,000 from Womenzgold Ltd by cheque IV. Purchased goods for resale on credit, GHS250,000 from \"Too-Much\" Enterprise V. Paid for repairs and maintenance of GHS2,080 from bank VI. Goods worth GHS98,000 sold on credit for GHS105,000 to Baby Jackson Ltd VII. Goods worth GHS5,350 returned to \"Too-Much\" Enterprise a supplier. VIII. Alaska the owner of Agya Koo ltd. GHS28,000 from the company to buy a jeep for Ajara Mapuka for giving birth to junior Alaska. IX. The company received interest of GHS5,200 on its mobile money wallet account from MTN Ltd. X. Purchased a special machine for the production of a specialized design on its product to it niche market at a cost of GHS13,250 on credit from McBrown Ltd. (20 Marks)

          QUESTION THREE
The following transactions were extracted from the books Egyakoo Ltd for the month of August
2018. Show the effect of the transactions on the accounting equation of Egyakoc Ltd
I. Alaska the owner of Egyakoo Ltd contributed an amount of GHS100,000 by cheque
representing 10,000 equity shares
II. Acquired factory building on credit from Lilwin enterprise for GHS50,000
III. Acquired a loan of GHS48,000 from Womenzgold Ltd by cheque
IV. Purchased goods for resale on credit, GHS250,000 from \"Too-Much\" Enterprise
V. Paid for repairs and maintenance of GHS2,080 from bank
VI. Goods worth GHS98,000 sold on credit for GHS105,000 to Baby Jackson Ltd
VII. Goods worth GHS5,350 returned to \"Too-Much\" Enterprise a supplier.
VIII. Alaska the owner of Agya Koo ltd. GHS28,000 from the company to buy a jeep for Ajara
Mapuka for giving birth to junior Alaska.
IX. The company received interest of GHS5,200 on its mobile money wallet account from MTN
Ltd.
X. Purchased a special machine for the production of a specialized design on its product to it
niche market at a cost of GHS13,250 on credit from McBrown Ltd.
(20 Marks)

QUESTION THREE
The following transactions were extracted from the books Egyakoo Ltd for the month of August
2018. Show the effect of the transactions on the accounting equation of Egyakoc Ltd
I. Alaska the owner of Egyakoo Ltd contributed an amount of GHS100,000 by cheque
representing 10,000 equity shares
II. Acquired factory building on credit from Lilwin enterprise for GHS50,000
III. Acquired a loan of GHS48,000 from Womenzgold Ltd by cheque
IV. Purchased goods for resale on credit, GHS250,000 from T̈oo-MuchËnterprise
V. Paid for repairs and maintenance of GHS2,080 from bank
VI. Goods worth GHS98,000 sold on credit for GHS105,000 to Baby Jackson Ltd
VII. Goods worth GHS5,350 returned to T̈oo-MuchËnterprise a supplier.
VIII. Alaska the owner of Agya Koo ltd. GHS28,000 from the company to buy a jeep for Ajara
Mapuka for giving birth to junior Alaska.
IX. The company received interest of GHS5,200 on its mobile money wallet account from MTN
Ltd.
X. Purchased a special machine for the production of a specialized design on its product to it
niche market at a cost of GHS13,250 on credit from McBrown Ltd.
(20 Marks)

Added by Christopher W.

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