1.1 T. Mwabi started a cleaning services business, called TM Services. The following transactions took place during the first week of operations: Date Transactions for May 2016 01 T. Mwabi deposited R160 000 in an account at ABC Bank as her capital contribution. 02 The bank granted TM Services a loan of R50 000. 03 Purchased a vehicle by cheque, R80 000. 04 Bought equipment on credit, R60 000. 04 Purchased chemicals and other cleaning items by cheque, R16 000 07 Cash received from customers for services rendered, R30 000 The net effect of the above transactions on the accounting equation of TM Services at the end of the first week of May 2016 is Assets +R300 000 +R284 000 +R284 000 Equity +R190 000 +R224 000 +R174 000 Liabilities +R110 000 +R60 000 +R110 000 a) d) None of the above