A5.1 [S] The following list of transactions relates to a television repair business during the first month of business. Explain how each transaction affects the accounting equation:

(Section 5.2)

(a) Owner puts cash into the business.

(b) Buy a vehicle for cash.

(c) Receive a bill for electricity consumed.

(d) Purchase stationery for office use, paying cash.

(e) Pay the electricity bill in cash.
(f ) Pay rental for a computer, used to keep customer records.
(g) Buy spare parts for cash, to use in repairs.
(h) Buy spare parts on credit terms.
(i) Pay garage service bills for van, using cash.
(j) Fill van with petrol, using credit account at local garage, to be paid at the start of next month.
(k) Carry out repairs for cash.
(l) Carry out repairs on credit terms.
(m) Pay wages to an employee.
(n) Owner takes cash for personal use.