1. 2. 3. 4. Sneezewood Supplies had to record the following transactions during June 2021: Capital was increased from R201500 to R500 000. The June telephone account for R682 was only received on 6 July. Cash sales, R10 611. All goods are sold at a 35% markup on cost. Bought furniture on credit from Flora Furniture, R11 850. 5. The owner took R8750 cash from the petty cash. He paid the entity's wages, R8 579, and kept the change for himself. 6. The bookkeeper had forgotten to reverse the insurance prepaid on 1 July 2021, R568. 7. A debtor, A Olive, who owes R700, had disappeared. Write off her account as irrecoverable. 8. Goods sold on credit to W Wild, R6 723. All goods are sold at a 35% markup on cost. Pay the first instalment to Flora Furniture for the furniture bought on credit (refer to no. 4 above), R3 900. 9. Required: Show the effect of the transactions on the accounting equation on 30 June 2021, the end of the accounting period, by applying the duality concept/principle. Note: Your answer must be presented in the format of the example given below. Example: The entity paid for an advert placed on the local community's business directory. General Ledger No. Assets Equity + Liabilities Account Dr Account Cr e.g. Advertising Bank -1650 -1650