Peter smart used to wash cars in the back yard of his home. He set up a car business and rented premises, hired 2 staff

[answerhappygod]

Peter smart used to wash cars in the back yard of his home. He set up a car business and rented premises, hired 2 staff and moved personal equipment to his business premises where a small office was available. He kept very basic records and after 3 months provided you with the following balances at 1st April 2022. Peter transfered R20000 from his personal savings into the business bank account. Transfered personal vehicles valued R66000 for business use.
Paid rent for April 2022 by stop order arranged with the bank R3200.
Equipment to clean the inside and undercarriage of vehicles was bought on credit from fast wash for R42000, the 1st installment is payable on 30 April 2022.
Made an electronic funds transfer of R2000 in favor of A Flash to set up a web page.
Paid creditors a total of R3400 on account and bought consumables for R5600 on credit.
Total cleaning fees of R49000 for the month was deposited into the bank.
Peter Smart paid fast wash the 1st installment due on 30 April 2022 from his personal bank ass count.
Show workings to calculate the capital at 1st April 2022.
Procedd the above transactions though the basic accounting equation for the month ended 30 April 2022 using the format