1. A BC Auto Parts inc was formed by leff Tomlinson to fulfill his dream of running his own auto parts company. Jeff learnt this business in his previous job. The below transactions were noted in the first year of operation. Jeff appointed you as his accountant and handed over the list of transactions. He has asked you to prepare the below two statements: a) Accounting equation showing how the transaction will be reflected in the below format b) Prepare journal entry to reflect the transactions 2. Jeff Tomlinson wants your help in identifying whether the below transactions are assets, liabilities, equity. income or expense 3. Finally, Jeff Tomlinson wants you to write down and explain the debit and credit rules relating to assets, liabilities, equity, income or expense 1. A BC Auto Parts inc was formed by leff Tomlinson to fulfill his dream of running his own auto parts company. Jeff learnt this business in his previous job. The below transactions were noted in the first year of operation. Jeff appointed you as his accountant and handed over the list of transactions. He has asked you to prepare the below two statements: a) Accounting equation showing how the transaction will be reflected in the below format b) Prepare journal entry to reflect the transactions 2. Jeff Tomlinson wants your help in identifying whether the below transactions are assets, liabilities, equity. income or expense 3. Finally, Jeff Tomlinson wants you to write down and explain the debit and credit rules relating to assets, liabilities, equity, income or expense