$2\mathrm{.}1$ Give an example for each of the following types of transactions for the accounting equation:

i$.$ Increase in an asset, increase in owner$$s equity or capital $(1$ transaction$)$

ii$.$ Increase in an asset, increase in liability $(1$ transaction$)$

iii. Increase in one asset, decrease in another asset $(1$ transaction$)$

iv$.$ Decrease in an asset, decrease in liability $(1$ transaction$)$

v$.$ Decrease in an asset, decrease in owner$$s equity $(1$ transaction$)$

On this topic, you are required to record the transactions, construct a table of the accounting equation, and show

the effects of the transactions on the assets, liabilities, and capital.

$2\mathrm{.}2$ Give examples of financial transactions relevant to HR consultancy service.

i$.$ Business started by investing money into the business $(1$ transaction$)$

ii$.$ Asset purchased for credit $(1$ transaction$)$

iii. Service rendered for cash and credit $(2$ transactions$)$

iv$.$ Expenses paid $(1$ transaction$)$

v$.$ Income received from other sources $(1$ transaction$)$

vi$.$ Money collected from debtors $(1$ transaction$)$

vii. Payment made to creditors $(1$ transaction$)$

$2\mathrm{.}3.$ For the transactions recorded in the task $(2\mathrm{.}2),$ prepare the Pro$-$forma templates for the following:

a$.$ Journal entries for the above transactions.

b$.$ Post them to the appropriate ledger accounts.

c$.$ Prepare the Trial balance from the ledger balances.