3G (i) What are the effects on the balance sheet of the following transaction? Whatzis Ltd received $5000 cash from a shareholder in return for $5000 in newly issued shares. The company also borrowed $15 000 from the bank to be paid back at the end of three years.

(ii) What is the journal entry to record the following transaction, in which Whatzis used the cash from the shareholder? The company bought a truck, which cost $89 000, by paying $20 000 in cash and financing

(borrowing) the rest from the bank.