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Complete the columns to explain and show effects of the following transactions: begin{tabular}{|l|l|l|l|l|} hline & multicolumn{2}{|c|}{ Explanation } & multicolumn{3}{c|}{ Effect on } cline
Complete the columns to explain and show effects of the following transactions: \begin{tabular}{|l|l|l|l|l|} \hline & \multicolumn{2}{|c|}{ Explanation } & \multicolumn{3}{c|}{ Effect on } \\ \cline { 3 - 5 } & & Assets & Liabilities & \begin{tabular}{c} Owner's \\ equity \end{tabular} \\ \hline \begin{tabular}{l} e.g. Bought a \\ van on credit \end{tabular} & \begin{tabular}{l} Effect: \\ Van increase and \\ RM80,000 \\ Loan increase \end{tabular} & \begin{tabular}{l} Ran \\ RM80,000 \end{tabular} & RM80 & \\ \hline \begin{tabular}{l} Bought \\ equipment \\ paid by \\ cheque \end{tabular} & & & & \\ RM5,600 & & & & \\ \hline \begin{tabular}{l} Customer \\ pays us \end{tabular} & & & & \\ RM4,670 by & & & & \\ cheque & & & & \\ \hline \begin{tabular}{l} We pay \\ supplier \end{tabular} & & & & \\ \begin{tabular}{l} RM4,450 \\ through online \end{tabular} & & & & \\ banking & & & & \\ \hline \begin{tabular}{l} Repaid a \\ RM350 loan \\ owed to Rajan \\ by cash \end{tabular} & & & & \\ \hline \end{tabular}
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