Demonstrate how each of the following transactions will affect the accounting equation (Assets = Capital + Liabilities). Your answer should include a summary total for each of the Assets, Capital, and Liabilities at the end of the week. (Use a table for your answer similar to that given in Book 2 Chapter 1 Activity 1.2 so that each entry for each transaction shows the relevant amount as well as the relevant account.)

• i.On 1 October Angela started a business selling crayons and put 15,000 of her savings into a business bank account.
• ii.On 2 October Angela bought equipment for long-term use in the business for 7,500, paying by cheque from the business bank account.
• iii.On 3 October Angela bought supplies of crayons for resale costing 400, paying by cheque from the business bank account.
• iv.On 3 October Angela bought a laptop for 875, paying by cheque from the business bank account.
• v.On 6 October Angela bought, on business credit, supplies of crayons for resale costing 1,500.
• vi.On 7 October Angela took 70 from the business bank account for a personal expense.

Transactions	Effect on A = C + L
	Assets =	Capital	+ Liabilities
1/10	15,000 (bank)	15,000.00	-
2/10	-7,500 (Equipment)	-
3/10	-400 (crayons)	-
3/10	+875 (laptop) -875 (bank)	-
6/10	+1500 (Crayons)	-	1500 (Payables: Crayons)
7/10	-70 (bank)	- 70.00
Summary	8530	14930	1500