On the balance sheet equation show how the following transactions would be entered:

(i) A purchase of fixed assets worth £500 000 from a supplier for payment in one month (show both the purchase transaction and its subsequent settlement).

(ii) The depreciation of a fixed asset originally purchased for £800 000. The asset is four years old and one tenth of its value is to be written off.

(iii) A customer fails to settle an outstanding account of £2000 and you decide to write it off.

(iv) Stock that was originally purchased for £80 000 has deteriorated in the stores and is now only worth £60 O00.
(v) Goods purchased for £50 000 are deemed unusable. The supplier has agreed to their return and will refund the purchase price in full.