Accounting worksheet During the current financial period, the following transactions took place for Corona Ltd: 1. Damaged inventory purchased previously on credit at a cost of $4200 was returned to supplier. 2. Inventory worth $32500 is bought on account. 3. Wages totalling $28000 were paid for the period. 4. Machinery is purchased for $13500 cash. 5. Paid $20200 to credit suppliers. 6. Borrowed $108000 cash from the bank. 7. Provided services for $29500 cash. Required: Record the effect of the above transactions in the accounting worksheet below. Important: - Type "-" in front of the amount if the account considered decreases as a result of the individual transaction considered. - Do not type anything in front of the amount if the account considered increases as a result of the individual transaction considered. - Type "o" if the account considered is not affected by the individual transaction considered. - Do not include "$" sign or any thousands separators, i.e. $46,000-should be written as 46000. Cash Inventory Machinery Accounts payable Loan payable Share capital Profit/loss 35000 21000 59000 69000 24000 22000 Opening balance 0 -4200 0 -4200 0 0 0 0 32500 0 32500 0 0 0 2 6 7 Total