In April 20X1, Jo MacNoodle opened the MacNoodle Italian Restaurant in Glasgow. Identified below are the restaurant’s financial transactions in its first month of business.

Required:
Using a format similar to that appearing in Exhibit 2.1, demonstrate the impact each transaction will have on the restaurant’s balance sheet equation.

Exhibit 2.1

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Date 1 April 2 April 4 April 5 April 7 April 8 April 14 April Transaction Jock MacNoodle deposited 10,000 in a newly opened business bank account. Paid 400 cash for non-perishable food items to build up an inventory of food. Purchased a photocopier costing 1,000. 10 per cent of the purchase price was paid in cash and a loan was taken to cover the balance. Purchased 500 of wine stock on credit. Banked the 350 received for cash sales made in first week. Paid 450 rent for April. Paid a kitchen assistant and waiter wages of 100. 18 April Paid 300 as part settlement of the wine merchant's account.