2.6.2. After completing her certificate and training in hair styling, Sandy Barber decided to open her own business. On 1 July 2018, she deposited R20 000 into the business bank account and contributed tools valued at R5 000 as her capital invested in the business called Sandy Barbers Hair Salon

July 2 Rent of R2 500 was paid for the month of July 2018. An amount of R15 000, borrowed from her father, was deposited into the business bank account. The loan will be paid on 31 July 2021. 3 All the necessary equipment and additional tools were purchased on credit fromSnip Suppliers for R18 000. Consumable supplies such as Gels, Toners and Dyes were purchased for R6 500cash. 8 R300 was paid for advertising in the local newspaper. "Flyers" to the value of R200 was purchased and distributed. 10 Service fees of R5 000 was deposited into the bank a/c. 19 Snip Suppliers were paid R6 000 on their account. 25 Salaries and wages of R8000 was paid. 30 Sandy withdrew R3 000 to pay for her personal expenses. 31 Banked service fees of R12 000. Paid the business electricity of R1 200 and telephone R800. Paid Sandy's personal electricity and telephone of R1 000. Services rendered of R3 000 on account to be paid in 30 days. Required: Since Sandy promised to present information to her father at the end of every month, process the above transactions through a detailed accounting equation as shown in the example below. Prepare the statement of financial position and the statement of profit or loss and other comprehensive income for the month ended 31 July 2018. NB: Show increases as a +, decreases in (brackets) and 0 for no effect. Example: Detailed accounting equation: Sandy Barber's Hair Salon : Detailed accounting equation for the month of July 2018